For a first time home buyer, the mere thought of having to choose from tons of real estate options might already feel overwhelming. Since this is one of the most significant investments you will ever make in your life, making the right decision is crucial.
To serve as your guide, here are the top five best cities to purchase your very first property in.
- Memphis, Tennessee
Even though Nashville overtook Memphis as the largest city in Tennessee, rock’ n’ roll’s birthplace managed to beat its Eastern neighbor as far as budget-friendly houses are concerned. Taking pride in its own sports and music culture, Memphis was dubbed as the best place where millenials can move to due to its reasonably priced housing market.
However, the good prices In Memphis don’t just stop with its real estate market. The city is also known for its low costs of living as compared to other metro areas of the same size. When it comes to employment, Memphis serves as the home to three Fortune 500 companies so you can expect for lucrative jobs in the corporate world. You can make ends meet even if you are just making an average salary every year.
- Oklahoma City, Oklahoma
Oklahoma City is the hot spot where young people are moving and more and more millenials are searching for a home in this city. This can partly be because of the excellent employment opportunities. Once there, new residents of the city can indulge in the affordable housing stock and notably low costs of living. When it comes to income, a first time homebuyer has more than enough reasons to be happy and contented.
- Orlando, Florida
More than Disney itself, millenials have come to realize that the sprawling city of Orlando has so much more to offer. Millenials looking for homes have been flocking the area in the past few years. This is partly because aside from Mickey Mouse being the city’s biggest employer, Orlando is also the home to Electronic arts and JetBlue.
There is another bonus for young families aside from the affordable housing prices, and this is none other than the strong local schools. The students of Orland have been rated to be more prepared for success in college compared to students in other similarly sized cities.
- Tampa, Florida
The home prices in Tampa are more affordable than those in its nearby neighbor Orlando, not to mention that the city also has the biggest percentage when it comes to home price reductions. As one of the top destinations for millenials, the city provides diverse neighborhoods in the sprawling borders.
Aside from having some of the biggest employers, Tampa is also the best spot for aspiring business owners, with the city being one of the perfect locations for young entrepreneurs.
- Jacksonville, Florida
There are a lot of things to love in Jacksonville. As the United States’ biggest geographical city, the population of Jacksonville has been getting bigger recently. Combine the job market and its steady growth with low home prices and you can see why it is a famous destination for property buyers.