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For these seeking to purchase houses for the primary time this 12 months, some markets may be higher for beginning the homeownership journey than others.
Realtor.com not too long ago ranked the perfect markets for first-time homebuyers based mostly on components together with housing stock, median residence worth and common journey time to work.
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Harrisburg, Pennsylvania, is the highest marketplace for first-time homebuyers with a median residence worth of $140,000 between November 2023 and November 2024, and a forecast of 20.6% of houses going to 25-34 year-olds in 2025.
Different prime markets embody Rochester, New York, and Villas, Florida. Rochester had a median residence worth of $129,900 from November 2023 to November 2024. Villas had 85.6 houses in the stores per 1,000 homes from November 2023 to November 2024.
“Final 12 months noticed traditionally low exercise for first-timers, with the group accounting for under 24% of profitable homebuyers,” stated Danielle Hale, chief economist of Realtor.com. “Whereas residence costs stay excessive and mortgage charges are forecasted to remain above 6% all through 2025, the 12 months is predicted to see extra stock hit the market — a silver lining for customers who will see kind of selection relying on the place they’re.”
Learn extra in regards to the 10 finest markets for first-time homebuyers.
Finest markets for first-time homebuyers
Rank Market 2025 forecasted25-34 12 months oldhomeowner shareof households Stock per 1000households(Nov. 23- Nov. 24) Median listingprice (Nov. 23- Nov. 24) 10 Wilmington, DE 18.4 % 41.3 $222,000 9 Tonawanda, NY 14.2 % 30.2 $229,900 8 Baltimore, MD 19.9 % 51.6 $210,000 7 North Little Rock, AR 17.6 % 38.5 $160,000 6 Lansing, MI 21.4 % 42.3 $135,000 5 Altamonte Springs, FL 19.4 % 46.8 $229,400 4 Lauderdale Lakes, FL 11.2 % 72.4 $154,850 3 Villas, FL 14.1 % 85.6 $236,950 2 Rochester, NY 22.3 % 21.2 $129,900 1 Harrisburg, PA 20.6 % 34.8 $140,000
