Real Estate

Grand Rapids is nation's 4th 'best' city for first-time homebuyers

July 10, 2019
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Grand Rapids has climbed one step higher on a ranking of the “best” cities in the country for first-time homebuyers.

Grand Rapids ranks No. 4 in the U.S. and as the No. 2 mid-size city for newcomers to the housing market, according to a report published yesterday by WalletHub, a personal finance website.

Last year, Grand Rapids ranked No. 5 in the U.S.

The site compared a sample of 300 cities across three key categories: market attractiveness, affordability and quality of life. Each category contained a number of metrics, such as cost of living, real estate taxes and property crime rates.

Grand Rapids received a total score of 65.21 on a 100-point scale. The city ranks No. 39 in affordability, No. 14 in real estate and No. 116 in quality of life.

Comparatively, WalletHub’s best city for first-time homebuyers, Tampa, Florida, has a total score of 67.14, with an affordability ranking of 147, a real estate rank of 2 and a quality-of-life rank of 13.

Berkeley, California was again ranked as the worst city for first-time buyers, with an overall score of 32.95, an affordability score of 296, a real estate score of 292 and a quality-of-life rank of 233.

The full ranking is online.

Top 10 cities

1.   Tampa, Florida
2.   Overland Park, Kansas
3.   Thornton, Colorado
4.   Grand Rapids
5.   Boise, Idaho
6.   Greeley, Colorado
7.   Peoria, Arizona
8.   Arvada, Colorado
9.   McKinney, Texas
10. Centennial, Colorado

Bottom 10 cities

291. Elizabeth, New Jersey
292. Daly City, California
293. El Monte, California
294. Newark, New Jersey
295. Westminster, California
296. San Mateo, California
297. Oakland, California
298. Santa Barbara, California
299. Detroit
300. Berkeley, California

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