5 Best States for First-Time Homebuyers

Published on February 5, 2024 at 4:45 am by Zarah Hamid in Business, Lists

In this article, we will take a look at the 5 best states for first-time homebuyers. If you wish to see our detailed analysis, you can go to 15 Best States for First-Time Homebuyers.

5. Oklahoma

Average Home Price: $195,594

First-time homebuyers can settle in Oklahoma. As recorded in December 2023, the average home price in the state is $195,594. This price has increased by 3.1% year-over-year. Zillow’s market overview shows that the for-sale inventory in the state is 15,598.

4. Kentucky

Average Home Price: $194,848

Kentucky is another good living option for first-time homebuyers. As recorded in December 2023, the average home price in the state is $194,848. This price has gone up by 4.3% year-over-year. Zillow’s market overview shows that the for-sale inventory in the state is 11,648.

3. Louisiana

Average Home Price: $194,453

Louisiana is one of the 15 best states for first-time homebuyers. As recorded in December 2023, the average home price in the state is $194,453. This price has decreased by 2.9% year-over-year. Zillow’s market overview shows that the for-sale inventory in the state is 14,836.

2. Mississippi

Average Home Price: $172,965

Mississippi ranks second among the 15 best states for first-time homebuyers. As recorded in December 2023, the average home price in the state is $172,965. This price has reduced by 0.5% year-over-year. Zillow’s market overview shows that the for-sale inventory in the state is 8,451.

1. West Virginia

Average Home Price: $154,371

West Virginia ranks at the top of the 15 best states for first-time homebuyers. As recorded in December 2023, the average home price in the state is $154,371. This price has gone up by 3% year-over-year. Zillow’s market overview shows that the for-sale inventory in the state is 3,915.

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