Colorado Has Some of the Best Cities for First Time Homebuyers
I remember the days of looking for our first home to buy. It was an exciting yet oh-so-stressful time. The idea of becoming a homeowner was kind of overwhelming and comforting all at the same time.
If you have gone through the process of buying a home, you know exactly what I am talking about. Buying a home can be a hectic situation, especially if you are purchasing your first home.
According to Wallet Hub, Colorado has quite a few cities that rank very highly when it comes to buying a home for the first time. A few key factors come into play when calculating which cities and towns are the best.
The Best Cities for First-Time Home Buyers in Colorado
The three factors that Wallet Hub indicated were the most important were affordability, the real estate market, and quality of life. Here are the best cities for first-time homebuyers in the state of Colorado.
Centennial, Colorado ranked 41st on the list with an affordability score of 114, a real estate market of 107, and a quality of life index of 32.
Longmont ranked 28th overall with an affordability score of 152, a real estate market of 26, and a quality of life ranking of 29.
Arvada came in right above Longmont with a ranking of 27, an affordability score of 142, a real estate market ranking of 33, and a quality of life score of 45
Greeley made the top 25 list coming in at 23rd with an affordability score of 122, a real estate market ranking of 43, and a quality of life score of 26.
Thornton is the best city in Colorado on the list for first-time homebuyers with a ranking of 13. Affordability ranked 147, the real estate market ranked 35, and quality of life was ranked 6th.
On the list of 300 total cities, Fort Collins ranked out of the top 50 at 58th place. Fort Collins had an affordability ranking of 170, a real estate market ranking of 73, and a quality of life ranked 11.
The worst city in the state of Colorado for first-time homebuyers is Boulder. The city ranked 272 with an affordability score of 296, a real estate market ranking of 104, and a quality of life ranking of 61. To see the full list of the best and worst cities for first-time homebuyers, see Wallet Hub.