ORLANDO, Fla. — Of the 300 cities reviewed by WalletHub, the state of Florida holds the Top 5 spots for the Best & Worst Cities for First-Time Home Buyers (2024).
READ: Average rate on a 30-year mortgage climbs for the first time since late May to just under 7%
Best Places for First-Time Home Buyers
- 1st - Palm Bay, FL
- 2nd - Cape Coral, FL
- 3rd - Port St. Lucie, FL
- 4th - Tampa, FL
- 5th - Orlando, FL
WalletHub based their rankings around Affordability, Real-Estate Market, and Quality of Life rankings.
And while Orlando and the other Florida cities on the list struggled in affordability, they more than made up for that in market and quality of life.
READ: Florida tops the list for best state to retire in, per WalletHub
Orlando Rankings for First-Time Home Buyers
- Overall - 5th
- Affordability - 165th
- Real-Estate Market - 5th
- Quality of Life - 14th
See interactive map of cities below: