With the unprecedented growth in the Denver metro area over the past couple years, it was only a matter of time before home prices in the Mile High City jumped over the $500,000 mark. According to
Best Cities For FirstTime Buyers In Colorado
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.
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
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
While they didn’t make the national list, three Denver ‘hoods in Metro Denver made Redfin’s recent hot list. In fact, two are in one popular suburb! So what determines a neighborhood's ?