Boise Is The 5th Best City For First Time Home Buyers

I'm not buying it. We've all heard and seen how ridiculous the Boise housing market has gotten. If that is really the case and the Boise housing market is as inflated as we think it is how is it possible that Boise is the 5th Best City For First Time Home Buyers? Are we the locals super out of touch with what's happening in America? Have we been spoiled for so long that now we think these prices are absurd? Is it us or is it everyone else that is living in a fantasy world.

Locally I hear so many people complaining about how the American Dream is not attainable yet according to a WalletHub report:

" In 2020, 40% of all U.S. single-family home purchases were made by first-time buyers, and 14% more people became first-time buyers than the previous year."

40% is a big number so clearly the American Dream of home ownership is definitely attainable but I'm not buying it... There is no way Boise is the 5th best city for first time home buyers. What do you think? See the list of top 30 markets and methodology that WalletHub used to create the list.

Methodology

To determine the most favorable housing markets for first-time home buyers, WalletHub compared a sample of 300 U.S. cities (varying in size) across three key dimensions: 1) Affordability, 2) Real-Estate Market and 3) Quality of Life.

Best Places for First-Time Home Buyers

Overall Rank	City	Total Score	Affordability	Real-Estate Market	Quality of Life
1	Chesapeake, VA	65.15	28	24	4
2	Gilbert, AZ	61.91	22	5	96
3	Lincoln, NE	61.29	89	59	1
4	Cape Coral, FL	61.01	112	3	33
5	Boise, ID	60.68	36	45	5
6	Hampton, VA	60.66	21	72	29
7	Peoria, AZ	59.76	35	9	143
8	Virginia Beach, VA	59.47	45	131	3
9	Norfolk, VA	58.97	46	114	25
10	Surprise, AZ	58.87	20	17	177
11	Orlando, FL	58.46	150	2	101
12	Chandler, AZ	58.3	37	26	121
13	Cedar Rapids, IA	58.28	14	107	34
14	Tampa, FL	58.12	155	7	26
15	Broken Arrow, OK	57.78	70	20	128
16	Raleigh, NC	57.55	62	76	42
17	Scottsdale, AZ	57.4	118	18	51
18	Kenosha, WI	57.37	55	133	7
19	Palm Bay, FL	57.16	81	25	95
20	Elgin, IL	56.98	92	65	21
21	Joliet, IL	56.9	57	130	15
22	Frisco, TX	56.87	231	1	60
23	Newport News, VA	56.6	50	162	18
24	Huntsville, AL	56.54	27	36	218
25	Murfreesboro, TN	56.48	68	8	179
26	Waukegan, IL	56.23	96	50	43
27	Thornton, CO	56.18	144	80	2
28	Naperville, IL	55.89	78	126	14
29	Boca Raton, FL	55.85	159	16	28
30	Springfield, IL	55.67	6	136	163

LOOK: Here are the 50 best beach towns in America

Every beach town has its share of pluses and minuses, which got us thinking about what makes a beach town the best one to live in. To find out, Stacker consulted data from WalletHub, released June 17, 2020, that compares U.S. beach towns. Ratings are based on six categories: affordability, weather, safety, economy, education and health, and quality of life. The cities ranged in population from 10,000 to 150,000, but they had to have at least one local beach listed on TripAdvisor. Read the full methodology here. From those rankings, we selected the top 50. Readers who live in California and Florida will be unsurprised to learn that many of towns featured here are in one of those two states.

Keep reading to see if your favorite beach town made the cut.

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Categories: Local News