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
Colorados Best Cities For First Time Buyers
If you’re a first-time home buyer in Colorado’s hot housing market, you may be a bit overwhelmed with where to start your search. What neighborhoods are the best for you and your needs?
Check out the best of the best in Colorado on WalletHub.com’s latest report, "2016's Best & Worst Cities for First-Time Home Buyers."
The report ranks 300 of the nation's cities across three main metrics:
Affordability, including housing prices, cost of homeowner's insurance, cost of living and taxes.
Real-estate market, including the rent-vs.-purchase cost comparison, housing-market health, percentage of homes sold in a year, median home-price appreciation and foreclosure rates.
Quality of life, including recreational activities, level of recovery from the Great Recession, weather, school systems, driver-friendliness, jobs availability, home-energy costs, violent crime rates and property crime rates.
So how did Colorado neighborhoods fare? While none of these scored lower than 90 on the affordability scale, 13 Colorado cities did very well in terms of real estate market value and quality of life. Check out the list below:
7. Fort Collins
9. Colorado Springs
See the full rankings here: https://wallethub.com/edu/best-and-worst-cities-for-first-time-home-buyers/5564/
Ready to start your home search in the Denver area?
Contact Metrowest today and start checking out these great neighborhoods!
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