Buying a home for the first time is an exciting and important milestone for many Americans. Their purchases make up a sizable chunk of the market, too. In 2022, 26% of home purchases were made by first-time buyers.
In a recent study, WalletHub compared 300 cities across the US and ranked Palm Bay as the top city for first-time home buyers. These cities were ranked based on affordability, real estate market health and overall quality of living, with 22 individual metrics within each category.