Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages.How much a
Best Colorado Cities For First Time Home Buyers
When buying a first home, home buyers know that location plays an important role. The neighborhood you choose is every bit as important as the house itself.
But when it comes to weighing the pros and cons of a neighborhood, how do you measure the best place to buy a home?
WalletHub compared 300 cities across the US, considering factors including affordability, cost of living, market attractiveness, and quality of life, to determine 2018’s Best & Worst Cities for First-Time Home Buyers.
Even with rising home prices, Colorado cities ranked high on the list.
In the overall rankings, both Centennial and Thornton appeared in the top 10. Arvada, Greeley, Longmont, Fort Collins, Colorado Springs, and Westminster were also included in the top 30.
Quality of Life
When ranked based on “Quality of Life” score, Colorado cities took up 7 of the top 8 spots on the list!
Quality of life score was based on recreation, weather, school systems, job market, crime rate, and more.
WalletHub also divided the list based on city size. In the large cities ranking, three Colorado cities ranked high on the list — Colorado Springs (#2), Denver (#7), and Aurora (#12).
Learn more about the Colorado cities featured below:
Arvada is centrally located, only seven miles from the Denver capitol building with easy access to the mountains. This Colorado city offers a small town sense of community, a thriving business climate, and diverse housing options.
During the 1970s and into the early 1980s, Aurora was the fastest growing city in the United States. Thanks to its appealing location, abundant recreational activities, strong business climate, and variety of housing options, Aurora continues to attract new residents each year.
Boulder has been recognized as one of the best places to live for outdoor enthusiasts. This is thanks to 45,000 acres of designated space to hike, bike ride, mountain climb, kayak, fish, and more. With plenty of shopping and the largest university in the state, Boulder is a popular place to live.
Centennial, part of the Denver-Aurora Metropolitan area, is the 10th largest city in the state. With a network of recreational trails and parks, locals have access to many outdoor activities from this family-friendly city.
Living in Colorado Springs inspires an appreciation for the outdoors. With a thriving arts and culture district, locals enjoy art galleries, performance arts, and fine arts. Find breathtaking views of mountains and access to stunning parks throughout the city.
Denver is not only the largest city and capital of Colorado, it offers 80 official neighborhoods, each with its own appeal. With more than 200 parks, 650 miles of paved trails, 90 golf courses, and 30 rec centers, Denver has the largest city park system in the country. Not to mention its museums, restaurants, breweries, arts scene…
With access to Rocky Mountain National Park and Roosevelt National Forest, Fort Collins is a gateway city to the Front Range. But you don’t have to leave the city for entertainment. Old Town offers restaurants, bookstores, galleries, and breweries. Home to Colorado State University, the college town brings many attractions for residents.
Another college town, Greeley is home to the University of Northern Colorado. Greeley offers easy access to other cities and the mountains, several signature events, and numerous craft breweries.
Named after Longs Peak, it’s no surprise that Longmont offers great outdoor activities from mountain access to parks and open space. With a lively and historic downtown, you’ll find year-round activities including farmers’ markets and live music.
Good schools contribute to Thornton’s family-friendly community. The city offers a wide range of outdoor activities and events, including festivals, concerts, exhibits, and public art displays throughout the year.
Westminster offers beautiful mountain views, easy access to nearby shopping centers, restaurants, and open space. The city’s open feel combined with good schools make Westminster a popular choice for families.
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