© 2024 Arizent. All rights reserved.
First time home buyers

The 20 worst cities for first-time homebuyers

ByNMN Staff
October 17, 2023 8:47 AM
Complimentary Access Pill
Enjoy complimentary access to top ideas and insights — selected by our editors.

The cities in the ranking were rated on a range of factors indicating affordability, real estate market attractiveness and quality of life, and given an overall total score out of 100 (where 100 = the top score). To produce this report, WalletHub compared 300 cities of varying sizes across 22 indicators. 

In the ranking below, the bottom five cities have an average total score of 30.48.

Below the total score, each city's ranking out of the 300 cities on affordability, real estate market and quality of life is listed.

Source: WalletHub which used data from U.S. Census Bureau, Bureau of Labor Statistics, Council for Community and Economic Research, U.S. Department of Housing and Urban Development, Federal Bureau of Investigation, Insurance Information Institute, The National Association of Realtors, ATTOM, a property data provider, and WalletHub research.

National Mortgage News_20 worst cities for first time homebuyers_Shreveport, LA_20.jpg
National Mortgage News_20 worst cities for first time homebuyers_New Orleans, LA_19.jpg
National Mortgage News_20 worst cities for first time homebuyers_El Monte, CA_18.jpg
National Mortgage News_20 worst cities for first time homebuyers_New York, NY_17.jpg
National Mortgage News_20 worst cities for first time homebuyers_Pasadena, CA_16.jpg
National Mortgage News_20 worst cities for first time homebuyers_Westminster, CA_15.jpg
National Mortgage News_20 worst cities for first time homebuyers_Richmond, CA_14.jpg
National Mortgage News_20 worst cities for first time homebuyers_Long Beach, CA_13.jpg
National Mortgage News_20 worst cities for first time homebuyers_Glendale, CA_12.jpg
National Mortgage News_20 worst cities for first time homebuyers_Costa Mesa, CA_11.jpg
National Mortgage News_20 worst cities for first time homebuyers_Daly City, CA_10.jpg
National Mortgage News_20 worst cities for first time homebuyers_Burbank, CA_9.jpg
National Mortgage News_20 worst cities for first time homebuyers_San Mateo, CA_8.jpg
National Mortgage News_20 worst cities for first time homebuyers_Oakland, CA_7.jpg
National Mortgage News_20 worst cities for first time homebuyers_San Francisco, CA_6.jpg
National Mortgage News_20 worst cities for first time homebuyers_Los Angeles, CA_5.jpg
National Mortgage News_20 worst cities for first time homebuyers_Santa Barbara, CA_4.jpg
National Mortgage News_20 worst cities for first time homebuyers_Anchorage, AK_3.jpg
National Mortgage News_20 worst cities for first time homebuyers_Santa Monica, CA_2.jpg
National Mortgage News_20 worst cities for first time homebuyers_Berkeley, CA_1.jpg
NMN Staff
First time home buyers Housing markets
MORE FROM NATIONAL MORTGAGE NEWS