2022 Boise Idaho Real Estate Blog

WalletHub Ranks Boise as the #2 City in America for First-Time Homebuyers

Main Treasure Valley Life

Boise sits near the top of another national livability and affordability study.

Adding to Boise’s growing list of accolades, WalletHub announced that Boise is the number 2 city in America for first-time homebuyers. The top spot was occupied by Henderson Nevada, a suburb of Las Vegas. The survey looked at 300 cities across the United States and compared them across 26 different key indicators of affordability, market attractiveness, and quality of life such as crime rate, real estate tax rates, property crime statistics, and home price appreciation.

Here is how Boise ranked in some of these livability categories.

Buying a First Home in Boise (1=Best; 150=National Average):

  • • 98th – Real-Estate Tax Rate
  • • 102nd – Cost of Living
  • • 60th – Median Home-Price Appreciation
  • • 43rd – Foreclosure Rate
  • • 116th – Property-Crime Rate
  • • 16th – Total Home-Energy Cost

Click the link to see the entire 2020's Best & Worst Cities for First-Time Home Buyers list.

With 39% of home sales in the 4th quarter of 2019 being from first-time homebuyers, it shows that the millennial generation is quickly entering the housing market. With historically low mortgage rates thanks to COVID-19 and a strong buyer demand breaking expectations, Boise’s housing market shows no signs of slowing down. There are plenty of homes for sale in Boise and the Treasure Valley for first-time homebuyers to buy.

Are you a first-time homebuyer? Check out this page with all of the tools and information you need to get started on your home buying journey. Owning a home is an exciting and important milestone, so it helps to be as prepared as possible.

Posted by AndrewS at 7/14/2020 11:50:00 PM

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