ORLANDO, Fla. – It’s no surprise that Florida has become a popular state, with an influx of migration pushing up housing costs across the state.
However, some areas are a better investment for first-time homebuyers than others, according to a ranking by WalletHub.
Recommended Videos
In fact, out of the top 10 cities for first-time homebuyers in the country, five are found right here in the Sunshine State. Those cities are:
| Rank | City | State |
|---|---|---|
| 1 | Palm Bay | Florida |
| 2 | Cape Coral | Florida |
| 3 | Tampa | Florida |
| 4 | Port St. Lucie | Florida |
| 5 | Orlando | Florida |
| 6 | Surprise | Arizona |
| 7 | Gilbert | Arizona |
| 8 | Boise | Idaho |
| 9 | Chesapeake | Virginia |
| 10 | Henderson | Nevada |
Wallethub says that Port. St. Lucie, Cape Coral and Palm Bay had the best real estate markets on the list.
Meanwhile, Tampa, Boca Raton and Palm Bay all ranked highest for quality of life.
On the flip side, Wallethub lists the following 10 cities as the lowest-ranked places for first-time homebuyers:
| Rank | City | State |
|---|---|---|
| 1 | Berkeley | California |
| 2 | Santa Monica | California |
| 3 | Anchorage | Alaska |
| 4 | Santa Barbara | California |
| 5 | Los Angeles | California |
| 6 | San Francisco | California |
| 7 | Oakland | California |
| 8 | San Mateo | California |
| 9 | Burbank | California |
| 10 | Daly City | California |
Get today’s headlines in minutes with Your Florida Daily: