Study: Charleston is 2020’s 9th Best Small City for First-Time Home Buyers

Personal finance website WalletHub this week released a report on "2020's Best & Worst Cities for First-Time Home Buyers" and Charleston ranked as being the 9th best.

To determine the most favorable housing markets for first-time buyers, WalletHub took the pulse of real estate in 300 cities of varying sizes using 26 key metrics. The data set ranges from housing affordability to real-estate tax rate to property-crime rate.

Buying a First Home in Charleston (1=Best; 150=Avg.):

  • 140th – Housing Affordability
  • 7th – Real-Estate Tax Rate
  • 96th – Cost of Living
  • 115th – Rent-to-Price Ratio
  • 82nd – Property-Crime Rate

Charleston ranks No. 22 overall and No. 9 among small cities.

To read the full report, click here.

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