The Best U.S. Cities to Find a Starter Home
Ideal markets for new buyers display a combination of adequate supply, a high share of smaller homes in the housing supply, relatively low sales prices for starter homes, and strong homeownership rates among young people. To determine the locations where you’re most likely to find a starter home, researchers at Construction Coverage calculated a composite score based on the percentage of homes with three or fewer bedrooms, the median sale price of homes with three or fewer bedrooms, the months of supply of houses for sale, and the homeownership rate for householders under 35 years old. To determine the locations where you’re most likely to find a new starter home, researchers at Construction Coverage calculated a composite score based on the percentage of homes with three or fewer bedrooms, the median sale price of homes with three or fewer bedrooms, the months of supply of houses for sale, and the homeownership rate for householders under 35 years old.
