You probably have mixed emotions.
Excitement. Nervousness. Fear. Hopefulness.
That’s what you feel when thinking about purchasing your first home.
Chances are you also have questions about the home buying process. Your questions may include:
- Do I qualify for first time home buyer programs?
- How do I save for a down payment?
- What type of neighborhood is best for me?
- How are the schools in the area?
Don’t worry because all of this is normal. In addition to the questions above, you definitely want to make an informed decision regarding which city to call home.
If you wonder whether or not Arlington is a great city for first-time home buyers, this is for you.
Arlington ranks #2 in WalletHub.com’s recent study on the best large cities in America for first-time homebuyers.
WalletHub analyzed 300 cities in America based on metrics that indicate whether an area is good or bad for first-time homebuyers. The study ranked them by size:
- Large cities: More than 300,000 people
- Midsize cities: 150,000 to 300,000 people
- Small cities: Fewer than 150,000 people
Among all cities regardless of population, Arlington ranks #20 for first-time homebuyers.
Factors that were considered in the study include:
- Housing Affordability
- Real Estate Market
- Living Environment
Here are the top 10 ranking cities for first-time homebuyers regardless of size:
- Overland Park, KS
- Allen, TX
- Centennial, CO
- Broken Arrow, OK
- Frisco, TX
- Plano, TX
- Carrollton, TX
- McKinney, TX
- Longmont, CO
- Thornton, CO
In addition to Allen, Frisco, Plano, Carrollton, McKinney and Arlington, these metroplex cities ranked in the overall top 100:
- Grand Prarie (#11)
- Richardson (#12)
- Garland (#17)
- Denton (#23)
- Irving (#24)
- Mesquite (#40)
- Fort Worth (#42)
- Dallas (#93)
Do you have questions about buying a home as a first time home buyer? Simply click here to send me a message and I’ll be happy to assist you.