Best Cities For FirstTime Buyers In Colorado

Dated: 07/27/2017

Views: 334

Image title


According to recent reports from wallethub.com, a handful of Colorado cities are ideal for first-time homebuyers. In spite of high home prices (around $454,000, if you go by the latest data from the Denver Metro Association of Realtors), wallethub.com thinks there are a few neighborhoods in the area that first-time buyers should consider. Check out the rankings below!


First, how the cities were ranked. Wallethub.com, a Washington, D.C.-based financial analyst site, ranked 300 cities nationwide on their suitability for first-time homebuyers, including 13 cities in Colorado. Of those 13 Colorado communities, WalletHub ranked eight among the 50 best in the U.S. for first-time buyers, and 11 in the top 100.


The report was compiled using the following metrics:

  • Affordability, including price, insurance costs and cost of living.

  • Real-estate market, including rent-to-price ratio, housing market health, shares of homes sold in one year, median home-price appreciation and foreclosure rates.

  • Quality of life, including recreation centers, recession recovery, weather, school quality, job market and violent and property crimes.


Thornton was ranked the ninth best city in the nation for first-time buyers in the report. Thornton ranked 10th for quality of life and 21st for its real-estate market, but 122nd for affordability.

Other Colorado cities and their national rankings are included below. If you’re interested in checking out properties in any of the great communities, contact Metrowest today – we’d love to help you start the process!


#12 – Greeley

#17 – Arvada

#26 – Fort Collins

#28 – Colorado Springs

#36 – Centennial

#46 – Westminster

#48 – Denver

#57 – Pueblo

#60 – Longmont

#73 – Aurora

#102 – Lakewood

#232 – Boulder

Blog author image

Ben Leonard

Ben Alan Leonard is currently serving as a Broker Associate with Metrowest Real Estate Services. He has invested, worked and lingered in the Real Estate field for many years. Previous to working w....

Latest Blog Posts

Denver Housing Market Sets Records In May

The housing market doesn’t show any signs of cooling in the Mile High City as, to the dismay of many buyers, we set two records last month: record-high home prices and record low average days on

Read More

How Long Does It Take To Close On A Denver Home

In the Mile High City, taking a home from listing to the closing table happens, on average, in as little as 41 days. According to Trulia, that’s one of the shortest turnaround times in the country

Read More

Denvers Hottest Neighborhoods

Denver’s real estate market isn’t showing any signs of slowing down as buyers quickly gobble up available properties nearly as soon as they’re listed. But what are the most popular

Read More

April Saw A Jump In Home Prices And Inventory

According to recent data from the Denver Metro Association of Realtors, the median price of residential properties – both detached single-family homes and condos – rose to $417,000 in April.

Read More