What is the № 1 City for New Home Buyers?
Answer: Henderson, Nevada.
Its big sister, Las Vegas, ranked № 7.
WalletHub, a personal financial website, released its annual report July 6. It’s called “2020’s Best & Worst Cities for First-Time Home Buyers.”
Its experts compared 300 cities of varying sizes using 26 key indicators. They divided the indicators into three tranches:
- Affordability
- The real estate market
- Quality of life
Then they zeroed on things like real estate taxes, the quality of the school system, the average cost of homeowners insurance and the violent and property crime rates.
Weather was also a consideration. It’s amazing we scored well because it’s 109 here now. But yeah it’s a dry heat.
When WalletHub ranked cities by size, Henderson came in № 1 for midsize cities (150,000 to 300,000 residents) and Las Vegas ranked № 2 for large cities (more than 300,000 residents).
Who came in dead last at № 300? Berkeley, California. I would love to live in Berkeley, but the stars are aligned to make it just too expensive for first-time home buyers.
Other interesting findings:
Honolulu has the lowest real estate tax rate.
Laredo Texas has the lowest cost of living.
Richmond California has the highest median home price appreciation.
Miami Beach Florida has the highest property crime rate.
Westminster, Colorado has the lowest total home energy cost. In fact the first five cities in this category are all in Colorado. Colorado taxes social security, but first-time home buyers are probably not interested in that!
Las Vegas is actually a great place to live. So come on down.
P.S. I know a great Realtor….
Here is a link to the WalletHub report:
((hugs)) BETH Ellyn
BS 39349
YOUR Las Vegas Real Estate Concierge
702.7584318 Talk.Text. SMS. Video chate
yale1974@gmail.com
Licensed in Nevada since 1996: I have previous.
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