Four Dallas suburbs have been ranked as some of the best places in the country for first-time homebuyers, according to a new report by WalletHub.com.
The fast-growing cities of McKinney, Frisco and Allen were 1-2-3 at the top of the list of best markets for first-time buyers, according to the study.
Richardson ranked seventh on the same list.
WalletHub scored 300 U.S. cities for entry-level home buying using factors including affordability, strength of the overall real estate market and quality of life.
The Dallas-area cities shared the top 10 with the likes of Cary, N.C.; Norman, Okla., and Lincoln, Neb.
North Texas has one of the hottest housing markets in the country, with record home sales and the highest volume of new home starts in the country.
But prices have also hit an all-time high, making it more challenging for first-time buyers.
Compared to pricey East and West Coast markets, D-FW cities are still a bargain.
The Top 10 Best Places for First-Time Buyers, according to WalletHub:
* Cary, N.C.
* Norman, Okla.
* Lincoln, Neb.
* Boise, Idaho
* Thornton, Colo.
* Murfreesboro, Tenn.
As is often the case with these types of lists, Ebby Halliday Realtors has an office in each of the North Texas cities on the list: Ebby McKinney, Ebby 190 – Richardson, Ebby Frisco and Ebby Allen. If you’re considering buying or selling a home in North Texas – regardless of the town or city – you can find just the right agent for your residential real estate needs at the award-winning, mobile-friendly ebby.com.
PHOTO: The five-bedroom home at 714 Parker St. in McKinney is listed by the Judy Gay Group for $729,000.