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Omaha Favorable for First-Time Home Buyers

Jul 27, 2017

July is one of the months that home sales peak, and the personal-finance website WalletHub has released rankings for best US cities for first-time home buyers.  

Jill Gonzalez, a WalletHub analyst, says they rated 300 small, medium and large cities on 23 indicators, including overall market attractiveness, affordability and quality of life.  She says their sources ranged from U.S. Census Bureau data to Zillow.com 

“Omaha ranks 6th best place for new home buyers out of all of the large cities;  when you’re looking at all 300 cities at once, Omaha ranked 34th best overall. So, pretty much the top 10% any way you slice it. And we do see that right now Midwestern cities as well as a lot of cities in Texas are really doing well.”

Gonzalez says Omaha’s best ratings were on the real estate market and quality of life. She says although affordability was not one of its highest ranking areas, compared with other large cities Omaha’s cost of living is still good.

For more information, the website is WalletHub.com