RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Relocating? Best Cities for Buyers

Home Consumer
By John Voket
August 29, 2019
Reading Time: 2 mins read
Relocating? Best Cities for Buyers

Soft white clouds appear after rain stoem in downtown Akron, Ohio

While homebuyers can’t always relocate to enjoy the best market advantages, if you’re looking to buy in a new locale, the financial site WalletHub.com published a list of communities where new homebuyers might want to consider as their newest “home town.”

According to WalletHub, nearly 40 percent of 2018’s single-family home purchases were made by first-time buyers. Researchers at the site point out that all homebuyers must balance what they want and need with what they can afford. All too often, WalletHub says, people begin searching for their dream homes without a realistic idea of market prices, interest rates or even their eligibility to get a mortgage.

To simplify the process, WalletHub compared 300 cities of varying sizes across 27 key indicators of market attractiveness, affordability and quality of life, and qualified affordability as the median house price divided by median annual household income.

Among some of the findings are: 

  • Akron, Ohio,has the most affordable housing (median house price divided by median annual household income), with a ratio of 1.83, which is 8.2 times cheaper than in Berkeley, Calif., the city with the least affordable housing, with a ratio of 15.04.
  • Honolulu has the lowest real estate tax rate, 0.29 percent, which is 12.9 times lower than in Waterbury, Conn., the city with the highest, at 3.74 percent.
  • Cleveland, Ohio, has the highest rent-to-price ratio, 16 percent, which is 6.1 times higher than in Sunnyvale, Calif., the city with the lowest, at 2.61 percent.
  • Shreveport, La., has the lowest average energy cost per household, $93.58, which is 4.2 times lower than in Honolulu, the city with the highest, at $388.65.

WalletHub’s overall top five best cities for first-time buyers are: Tampa, Fla.; Overland Park, Kan.; Thornton, Colo.; Grand Rapids, Mich.; and Boise, Idaho. When it comes to quality of life, the study says Colorado hits the jackpot with Fort Collins, Boulder, Greeley, Thornton and Centennial dominating the top five positions.

John Voket is a contributing editor to RISMedia.

Tags: Buying a HomeConsumer ContentFirst Time Home BuyerRelocating
ShareTweetShare

John Voket

John Voket is a contributing editor for RISMedia.

Related Posts

Bank Crashes Add New Uncertainty for Commercial Sector, Apartments
Agents

Bank Crashes Add New Uncertainty for Commercial Sector, Apartments

March 24, 2023
Fathom: Weak Q4 but Strong YoY Revenue, Agent and Transaction Growth
Agents

Fathom: Weak Q4 but Strong YoY Revenue, Agent and Transaction Growth

March 24, 2023
New Home Sales Rise for Fifth Consecutive Month
Agents

New Home Sales Rise for Fifth Consecutive Month

March 24, 2023
How to Get on the FHA Condo Approval List
Agents

How to Get on the FHA Condo Approval List

March 24, 2023
Weichert Expands Presence in Maryland
Agents

Weichert Expands Presence in Maryland

March 24, 2023
THE PLAYBOOK: People-Skill Strategies to Stimulate Sales This Season
Agents

THE PLAYBOOK: People-Skill Strategies to Stimulate Sales This Season

March 23, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

4 Ways to Leverage Augmented Reality to Improve the Homebuying Experience

From improving the showing experience to helping clients visualize what their new home could look like, here are a few ways that augmented reality could help you improve your client's search for their perfect home. Read more.

Business Tip of the Day provided by

Recent Posts

  • Bank Crashes Add New Uncertainty for Commercial Sector, Apartments
  • Fathom: Weak Q4 but Strong YoY Revenue, Agent and Transaction Growth
  • New Home Sales Rise for Fifth Consecutive Month

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X