The Best Market for First-time Homebuyers Is … – NMP Skip to main content

The Best Market for First-time Homebuyers Is …

Mar 07, 2018
Newcomers to the housing market have their best chances to find affordable homeownership in the Sunshine State or Lone Star State, according to new data from Zillow

Newcomers to the housing market have their best chances to find affordable homeownership in the Sunshine State or Lone Star State, according to new data from Zillow.
 
In a ranking of the 35 largest U.S. housing markets based on where first-time buyers have the best chance to find an affordable home with little buyer competition and strong forecasted home value appreciation, Florida and Texas made up half of the top 10 markets. Tampa was rated as the best market in this study, followed by Indianapolis, Houston, Orlando, San Antonio, St. Louis, Philadelphia, Atlanta, Las Vegas and Dallas.
 
"More and more Millennials are reaching the point in their lives where they are ready to buy a home, but they are entering a highly competitive housing market that has been plagued by low inventory, especially among entry-level homes," said Zillow Senior Economist Aaron Terrazas. "Southeastern markets will be easiest for new buyers, where homes are more affordable and there's less competition. People planning to buy for the first time in some of the tougher markets should be prepared to face a more competitive environment, but that doesn't mean they should count out buying entirely."

 
About the author
Published
Mar 07, 2018
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026