Southern Cities Offer the Lowest Entry Barrier for First-Time Homebuyers
First-time homebuyers find the lowest barriers to entry in the South, where the top five cities for new buyers are located. Zillow analyzed the 50 largest metro areas in the US, measuring rent affordability, the share of affordable for-sale listings, buyer competition, and the number of households aged 29 to 43. The top 10 cities include Birmingham, San Antonio, Houston, St Louis, Detroit, and Baltimore. These cities offer a combination of affordable rent, affordable home listings, and affordable housing supply that reduces the demand pressure on entry-level buyers.
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