Wichita, the largest metro in Kansas, landed the top spot largely because of its relative affordability.
Zillow ranked metros based on factors that included mortgage and rent affordability for first-time home buyers, available homes for sale and the share of listings with a price cut.
“Although housing affordability is extremely challenging these days, some markets will be more hospitable than others for first-time home buyers,” said Zillow senior economist Orphe Divounguy. “These metros are potential hotbeds for those looking to buy their first home.
Wichita, the largest metro in Kansas, landed the top spot largely because of its relative affordability — it’s among the top metros where people spend the smallest share of their income on rent and mortgage costs. And it has a higher share of for-sale listings relative to active shoppers, which means more options and bargaining power for potential home buyers. Wichita home shoppers can also find a number of deals popping up, with 22% of listings seeing a price cut in October.
Three Ohio metros — Toledo, Akron and Cleveland — are also among the top 10. Detroit is the largest metro in the top 10, ranking as the nation’s 12th largest. St. Louis and Pittsburgh also are on the list and are among the nation's 30 largest metros.the best metros for single renters. Areas with more affordable housing, such as in the Midwest and Great Lakes regions, should see relatively healthier markets and stronger sales in 2023 when compared to other U.S. markets.
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