Centennial ranks as the third best city in the nation for first-time home buyers, according to a recent study by WalletHub.
WalletHub compared a sample of 300 U.S. cities of various sizes by analyzing three key indicators: affordability, the real-estate market and quality of life. Centennial came in at No. 3 overall, but was No. 2 among small cities (defined as fewer than 150,000 residents) for first-time home buyers, and No. 7 in the quality-of-life category.
“Centennial is proud to be recognized by Wallet Hub for the second time. Centennial has always strived to encourage housing options for all stages of life,” says Centennial Mayor Stephanie Piko.
Three other Colorado cities also made the top 20: Thornton at No. 6, Arvada at No. 17 and Greeley at No. 20.
Centennial was ranked No. 9 on WalletHub’s list of best cities for first-time home buyers in 2016.
WalletHub, a personal finance advisor that also compiles rankings, uses a community of subject-matter experts to review financial products, professionals and companies. The experts analyze data collected from the U.S. Census Bureau, the Bureau of Labor Statistics and major real estate groups to determine the most favorable housing markets for first-time home buyers.
To view the full list and the criteria used to rank cities, go to WalletHub.