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Florida Cities Top List for First-Time Homebuyers While California Struggles

A WalletHub study reveals stark contrasts in housing affordability and quality of life between Florida and California cities.

  • Palm Bay, Cape Coral, and Port St. Lucie are the best cities for first-time homebuyers, according to WalletHub.
  • Eight out of the ten worst cities for first-time buyers are in California, with Berkeley and Santa Monica at the bottom.
  • High home prices and mortgage rates make California cities particularly challenging for new buyers.
  • Florida cities offer better affordability, more housing options, and higher quality of life metrics.
  • The study used 22 metrics, including affordability, real estate market conditions, and quality of life, to rank 300 U.S. cities.
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