According to recent reports from wallethub.com, a handful of Colorado cities are ideal for first-time homebuyers. In spite of high home prices (around $454,000, if you go by the latest data from the Denver Metro Association of Realtors), wallethub.com thinks there are a few neighborhoods in the area that first-time buyers should consider. Check out the rankings below!
First, how the cities were ranked. Wallethub.com, a Washington, D.C.-based financial analyst site, ranked 300 cities nationwide on their suitability for first-time homebuyers, including 13 cities in Colorado. Of those 13 Colorado communities, WalletHub ranked eight among the 50 best in the U.S. for first-time buyers, and 11 in the top 100.
The report was compiled using the following metrics:
Affordability, including price, insurance costs and cost of living.
Real-estate market, including rent-to-price ratio, housing market health, shares of homes sold in one year, median home-price appreciation and foreclosure rates.
Quality of life, including recreation centers, recession recovery, weather, school quality, job market and violent and property crimes.
Thornton was ranked the ninth best city in the nation for first-time buyers in the report. Thornton ranked 10th for quality of life and 21st for its real-estate market, but 122nd for affordability.
Other Colorado cities and their national rankings are included below. If you’re interested in checking out properties in any of the great communities, contact Metrowest today – we’d love to help you start the process!
Since 2003, Metrowest Real Estate Services has been Denver’s premiere resource for residential, foreclosure, REO and investment real estate. When helping you buy or sell, our mission is to provide excellent customer service to our corporate and individual clients by ensuring that our agents exceed all standards for market knowledge, professionalism, and client support. Whether you are a high volume investor or a first time homebuyer, our team at Metrowest can help you realize your real estate goals! Metrowest is your Denver Colorado Real Estate Team. We specialize in helping you get the most of your sale, purchase or investment.
According to recent reports from wallethub.com, a handful of Colorado
"If your home buying needs require professionalism, dedication and results, then Andy Potarf at Metrowest Real Estate Services is your man.
In addition to the above traits, I also require availability and whenever I had a question or was interested in visiting a potential home, Andy was there at a moments notice. Buying a home doesn't have to be stressful. Andy made sure it wasn't. Thank you Andy!"