Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet Moore.

Best, worst cities for first-time homebuyers ranked

Posted by: Janet Moore Updated: August 18, 2014 - 11:54 AM

The Wallet Hub personal finance website has released this year's "Best & Worst Cities for First-Time Homebuyers." On this list, Minnesota doesn't rank all that highly.

WalletHub assessed the affordability of homes and conditions of the real estate market and community environment, in general. Seventeen key metrics, ranging from median house prices and real estate taxes to median home price appreciation and price-to-rent ratios were used. 

Of the 300 largest U.S. cities, the No. 1 city for first-time homebuyers is Broken Arrow, OK. The worst city was Richmond, Ca.

St. Paul ranked 201, and Minneapolis was 208.

The survey is here.

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT