By Steph Barnes
May 14, 2017

If you’re looking to purchase your first “big kid” pad, or just daydreaming about the infinite possibilities of moving to a new place, you might be wondering which cities are currently offering the best real estate deals. Luckily for you, Zillow has just released its annual first-time home buyers report — and we’ve got all the details.

Zillow, one of the nation’s top real estate websites, reports that first-time home buyers are more likely to exceed their initial budget (by 39 percent) than repeat buyers (by 26 percent). To combat that overspending, the Zillow Group recently launched RealEstate.com. The website is designed to help shoppers better understand the cost of homeownership by allowing them to search for homes by “all-in price” — with monthly costs like mortgage payment, utilities, taxes, HOAs, property taxes, etc. included — rather than just the home’s list price.

To put together its “top 10 cities” list, Zillow considered five variables: median home value, household-to-inventory ratio, forecasted home value appreciation, Breakeven Horizon, and the share of listings in that city with a price cut. Based on those factors, Zillow scoured its own home listings and crafted the following list of cities where first-time buyers should consider shopping.

Now, let’s dive into the top 10 U.S. cities where first-time home buyers can get the best deal. We’ve also included the median home value next to each city.

1Orlando, Florida: $202,900 

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2Tampa, Florida: $183,300 

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3Indianapolis, Indiana: $137,300

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If you’re looking to buy a home this year, you might want to consider Indianapolis, IN! It was named as one of the best markets for home buyers, and a home like this is at the ready for you to pack your bags and move into. | Location: Indianapolis, IN | Listing: zlw.re/4034

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4Las Vegas, Nevada: $219,200

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Because why wouldn't you have a bed outside?

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5San Antonio, Texas: $158,500

6Pittsburgh, Pennsylvania: $135,700

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Living the 'Burgh! #nofilter #Pittsburgh #pennsylvania #visitpittsburgh #discoverpittsburgh #carlagoestotheus

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7Atlanta, Georgia: $175,800

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Before the next chapter begins, celebrate Zillow’s 10th anniversary with a trip down memory lane to one of the most viewed homes in our history. Dive into this Atlanta estate’s pool, and then it’s up to you to decide your next stop – down to the wine cellar or over to the movie theater. Or even better, both! Take a look at other favorite homes from the last 10 years now: zlw.re/1935

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8Detroit, Michigan: $138,700

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• In Less Than 48 Hours We Are Officially UNDER CONTRACT ‼️• Great Team Work @ladyv103 • #Pending #DetroitRealtor #SellingDetroit #HeadingToClosing #SherwoodForrest #Detroit #UnderContract #RealEstate #DetroitRealEstate

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9Dallas, Texas: $205,300

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Tonight's plan: Dreaming of dream homes. | Location: Dallas, TX | Listing: http://zlw.re/3043

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10Cleveland, Ohio: $132,400

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Coming soon! Stunning contemporary located in Bath Ohio.. $949,000 330-622-0501 #bath #akron #westakron #bathohio #cleveland #summahealth #summa #cleveland #ohio #contemporary #modern #forsale #luxury #luxuryrealestate

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Zillow’s chief economist Dr. Svenja Gudell explained,

And we’re inclined to believe him. Let us know if you’re planning your next big move!

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