What is it that makes these markets great for first-time buyers? They have strong job markets, short commute times, plenty of places to eat and drink, a younger population, affordability and more homes from which to choose
The 10 best markets for first-time home buyers all have a younger population than the country overall. Specifically, these areas have an average of 15.2% of residents who are between 25 to 34 years old compared with 13.5% of the country overall. The youngest city on the list is Maitland, Florida, where you’ll find that 17.5% of the population are young adults.
All of the cities on the list are within metro areas that are forecasted to have strong home sales and price growth. Sales in these surrounding metro areas are projected to grow at 10.2% in 2022, much faster than the national average of 6.6%. Prices are expected to rise by 5.4%, which is significantly higher than the national average rate of 2.9%. Magna, Utah has the highest expected sales growth rate of 15.2% and the highest expected price growth of 8.5%.
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