Tampa Named Florida's Best City For First-Time Home Buyers in 2017

Posted by Mike & Michelle Grizzell on Sunday, August 6th, 2017 at 10:10am.

Tampa First Time Home BuyersBuying a home for the first-time is both exciting and stressful, but it’s a little less hectic when you live in a part of Florida that gives you a bit more bang for your buck. Recently, personal finance website WalletHub released a list of the best and worst places for first-time home buyers in 2017, and not surprisingly, Miami ranked No. 296 out of the 300 cities listed.

When reaching a conclusion on where certain cities should rank, WalletHub looked a wide-range of factors relating to each market, including a city’s violent and property crime rates, price per square foot, the weather, and the average cost of home owner’s insurance just to name a few.

To our delight, Tampa actually ranked the highest among all the cities mentioned in Florida, officially listed as the 31st best city in the U.S. for first-time home buyers right now. According to their findings, Tampa’s overall score was 63.24, which was just good enough to edge out Henderson, NV (63.19), Fort Worth, TX (63.15), and Omaha, NE (62.92).

In case you’re wondering, three of the top 5 cities are all in the Dallas-Fort Worth area—McKinney, Frisco, and Allen; while Cary, NC; Norman, OK; Lincoln, NE;  Richardson, TX; Boise, ID; Thornton CO; and Murfreesboro, TX rounded out the Top 10.

For a closer look at the entire list, or to learn more about WalletHub's methodology when ranking the best and worth cities for first-time home buyers, check out the write-up here, or refer to the map listed below.

Source: WalletHub

1 Response to "Tampa Named Florida's Best City For First-Time Home Buyers in 2017"

Commerce Department: New Construction Pace Slows in July wrote: [...]portion of the country, keeping home price gains a bit more manageable for buyers and continuing to make cities like Tampa a great landing spot for first-time home buyers especially. But with the number of sales listings declining on an year-over-year basis for the past[...] Posted on Wednesday, August 16th, 2017 at 10:45am.

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