Recently WalletHub compiled a list of 300 U.S. cities to discover those offering the best and the worst opportunity for home ownership by 1st time home buyers with Gilbert AZ and Chandler AZ getting high marks.
What type of property 1st time home buyers may want to buy is dependent upon who will be living in the household. There are many different family units from singles who can't afford to buy on their own and either buy a home together or one buys and the other pays rents to the other. An unmarried Mom or Dad with children have different needs based upon quality of schools, safety, as well as affordability. The days of households being dominated by 2 parents, 3 children and the family pet are now more numerous, diverse and inclusive.
WalletHub assessment of real estate markets in 300 U.S. cities put emphasis in ranking based upon: housing affordability, real-estate market strength and living environment including good schools, safety, proximity to affordable housing vs. commute time and distance to employment centers.
Arizona is proud to have 2 of the TOP 10 Best U.S. Medium sized cities for 1st time home buyers: Gilbert AZ at #4 BEST U.S. City followed by Chandler AZ at #10 BEST U.S. City for 1st time home buyers.
Gilbert and Chandler AZ are both located in Metro Phoenix Arizona Southeast Valley bordering each other and fierce competitors. Median price for single family homes for sale in Gilbert AZ is $268,000 and median price for single family homes for sale in Chandler AZ is $264,000. Gilbert AZ gets higher scores for being one of the Safest Cities in the U.S. while Chandler AZ can boast having well known, high tech companies within their borders as: Intel, Microchip, Freescale, Orbital Sciences and GM Innovation Center offering numerous tech employment opportunities.
The chart below has the top 10 best cities for 1st time home buyers for 2016:
The chart below has the top 10 worst cities for 1st time home buyers for 2016 (which does NOT include any Arizona cities!!):
Not surprising, high cost of living, high priced housing and limited job markets would deter just about everybody - 1st Time and Long Time Home Buyers. So there you go. Bypass California and join us in Arizona. We're looking forward to meeting you soon!
Sam Elam, Associate Broker, ABR, CRS, GRI, e-PRO
Berkshire Hathaway HomeServices Arizona Properties
CELL: (480) 213-1799, EMAIL: firstname.lastname@example.org
Assist Arizona real estate buyers and sellers in transacting homes for sale in Chandler, Gilbert, Mesa, Phoenix, Scottsdale and Tempe AZ.