Zillow research shows that first-time buyers in Indianapolis will have a good selection of homes to choose from and not too much competition.
Indianapolis is the best market for first-time home buyers right now, according to Zillow’s latest analysis.
To determine the list, Zillow looked at: Median home values.
Lower home values means buyers need less cash for a down payment to break into the housing market.
Cash buyer competition.
The median home value in Indianapolis is $130,200, and buyers can expect to spend 11 percent of their monthly income on a mortgage payment, which is incentive to become a homeowner in Indianapolis.
Salt Lake City is the toughest place for first-time home buyers, followed by Washington, D.C. and New York.
Unfortunately, when they start looking for a home, they’ll find high prices and not many options.