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- If you expect to work from home indefinitely due to the pandemic, you may want to settle down in an area that suits your budget and lifestyle.
- The best cities for first-time homebuyers are in Colorado, Iowa, Virginia, Arizona, Nebraska, Nevada, Florida, and Idaho.
- Policygenius can help you compare homeowner's insurance policies to find the right coverage for you, at the right price »
Many Americans are working from home indefinitely as the coronavirus pandemic continues. You may be considering leaving the expensive big city for a smaller, more affordable option — or for another big city that isn't quite as tough on your wallet.
If you decide to move to a new area that meets your budget and lifestyle, then you may decide it's time to buy a home. WalletHub conducted a study to find the best housing markets for first-time buyers. WalletHub looked at 300 cities and used 26 metrics, covering affordability, the real estate market, and quality of life.
Here are the 15 best cities for first-time homebuyers in 2020, along with population data as of July 2019 from the US Census Bureau and median home price as calculated by BestPlaces.net.
15. Centennial, Colorado
Centennial is a small town near Denver that offers plenty of adventure sports for outdoor lovers.
Median home price: $463,700
14. Cedar Rapids, Iowa
Cedar rapids lies on the Cedar River and is the second-largest city in Iowa. It's a city that appreciates the arts, with theaters, art museums, and museums for residents to enjoy.
Median home price: $132,000
13. Arvada, Colorado
Arvada is another town near Denver. It has over 150 miles of trails for hiking, running, and horseback riding.
Median home price: $409,000
12. Hampton, Virginia
This small town could be a good fit for anyone who likes going to the beach, boating, and fishing.
Median home price: $167,500
11. Chandler, Arizona
Chandler is southeast of Phoenix. It's a family-friendly city with kooky events like its annual Ostrich Festival, which includes ostrich races and theme park rides.
Median home price: $319,200
10. Lincoln, Nebraska
The capital of Nebraska can be a good place to have a family. Spend your weekends visiting the International Quilt Study Center & Museum or strolling around the Historic Haymarket District.
Median home price: $180,600
9. Peoria, Arizona
Peoria is a suburb of Phoenix, and it's full of trails, parks, libraries, and art centers.
Median home price: $285,000
8. North Las Vegas, Nevada
North Las Vegas has a good combination of outdoor activities and nightlife, and its population is relatively diverse.
Median home price: $259,000
7. Las Vegas, Nevada
Las Vegas could be a good place for a first-time homebuyer who wants to live in a bigger city. The cost of living is lower than in many large US cities, and of course, there's always plenty to do.
Median home price: $273,200
6. Tampa, Florida
Tampa is another good option for people who want to live in a relatively affordable big city. It has beaches, professional sports teams, and plenty of attractions.
Median home price: $219,400
5. Gilbert, Arizona
Gilbert is southeast of Phoenix. The town is home to shopping districts and parks, and it's a good place to hike, cycle, or go horseback riding.
Median home price: $332,800
4. Chesapeake, Virginia
Chesapeake is in the Virginia Beach/Norfolk area, and it's a worthwhile option for anyone who wants to live near natural beauty.
Median home price: $270,300
3. Thornton, Colorado
You might like living in Thornton if you want to be near the big city of Denver, but you want a small-town feel. You can participate in town activities like the annual Bike to Work Day.
Median home price: $365,400
2. Boise, Idaho
Boise is the capital of Idaho. It's a great spot for arts, culture, history, and the outdoors.
Median home price: $303,100
1. Henderson, Nevada
Henderson is near Las Vegas, and it's a hot spot to golf, shop, and hike. There are also plenty of opportunities for water sports on Lake Mead.
Median home price: $326,900
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