Click here to see the Best Cities for New Homebuyers report for 2022.
If you’re in the market to buy a house, these cities may just be exactly what you’re looking for.
Buying a house is an aspiration for many Americans. While the performance of many real estate markets across the nation fluctuated throughout 2020 due to the economic devastation of COVID-19, not all have been in decline. Insurify’s report on cities with the greatest pandemic real estate booms found that between April and July 2020, monthly home sales were up at about 15%, indicating that healthy demand for real estate persists.
Anyone who’s been in the market for a new home-sweet-home knows that it’s not just the house itself that factors into the decision of where to settle down. Rather, the surrounding community and the resources it offers play an equally significant role. Potential buyers want to strike where the iron is hot and find that perfect balance between an affordable price and a community with good schools, safe roads, and economic opportunities. Insurify’s 2021 Best Cities for New Homebuyers Award recognizes the communities that not only have real estate on the rise, but also a strong commitment to supporting their residents’ livelihoods.
Selection Process for Insurify’s 2021 Best Cities for New Homebuyers
The data scientists at Insurify, a home insurance comparison site, analyzed both proprietary and public data to identify the best cities for new homeowners. They rated U.S. cities based on a composite score of factors including real estate demand, employment levels, public school enrollment, and driver and pedestrian safety.
Insurify’s research team turned to Realtor.com for statistics on real estate popularity and home value growth across U.S. cities. Cities with hotter real estate markets and positively trending home values received a higher score. Public school enrollment statistics and the unemployment rate in each city, provided by the U.S. Census Bureau’s most recent American Community Survey, were the defining variables in education and employment levels, respectively. A higher score was assigned to cities with higher public school enrollment and low unemployment rates.
Researchers at Insurify also referred to their database of over 2.9 million car insurance applications to calculate citywide measures of driver and pedestrian safety. Cities were evaluated for rates of at-fault accidents, DUIs, speeding tickets, and failure to yield to pedestrian violations. The safer a city’s road patterns, or the lower the citywide rates of these four violations, the higher a score they received.
Where to buy your first home
These are the best cities for new homebuyers in each state in 2021. Based on factors such as real estate demand, employment opportunities, public school enrollment, and driver and pedestrian safety, both young singles and families can attain a high quality of life when settling down in these cities.
Winners of Insurify’s 2021 Best Cities for New Homebuyers Awards
Arkansas: North Little Rock
Colorado: Colorado Springs
Connecticut: New Haven
Georgia: Warner Robins
Indiana: Fort Wayne
Louisiana: New Orleans
Missouri: Jefferson City
New Hampshire: Nashua
New Jersey: Hammonton
New Mexico: Albuquerque
New York: Rochester
North Carolina: Burlington
North Dakota: Bismarck
Oklahoma: Oklahoma City
Pennsylvania: East Stroudsburg
South Carolina: Columbia
South Dakota: Rapid City
Tennessee: Johnson City
West Virginia: Charleston
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