--- title: Here Are the 10 Best Cities for First-Time Homebuyers in 2023 description: Home buyers willing to be flexible on location have affordable options with economic opportunity and a plethora of lifestyle amenities. authors: - name: Mary Ellen Cagnassola role: Reporter url: https://money.com/author/mary-ellen-cagnassola/ bio: Mary Ellen (M.E.) Cagnassola is a former reporter at Money, where she covered Social Security, retirement, housing, and employment. Her work reflects her commitment to service and equity in consumer finance. education: Rutgers University, BA Journalism at_money_since: 2021 articles: 205 covers: - Mortgages - Banking - Business - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes former_staff: true editors: - name: Julia Glum role: Managing Editor url: https://money.com/author/julia-glum/ bio: Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money. education: University of Florida at_money_since: 2018 articles: 453 covers: - Mortgages - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology also_seen_in: - Newsweek - International Business Times - CBS News - Good Morning America - WUSA9 - Pix 11 - The New York Times - Mashable - The Washington Post - CNBC - Politico social: - https://x.com/superjulia - https://www.linkedin.com/in/julia-glum published: '2023-01-18T20:33:36.000Z' modified: '2024-01-10T14:31:53.000Z' section: Mortgages tags: - News word_count: 291 canonical: https://money.com/first-time-homebuyers-best-cities-2023/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We may earn a fee if you click on the links below. Compensation does not determine ranking. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Family riding bike passing by a house](https://img.money.com/2023/01/News-10-Best-Markets-for-Homebuyers.jpg) For [first-time homebuyers](https://money.com/how-to-buy-your-first-home/) who were pushed out of the market the last two years by surging prices and fierce competition, the new year may finally deliver the break they need to make a purchase. Though rising interest rates may have cooled [price appreciation](https://money.com/cities-where-home-prices-dropping-most/) down and increased inventory lately affordability will still be an obstacle for new buyers, according to economists from the real estate marketplace Realtor.com. So they'll have to house-hunt carefully. ## What experts say Flexibility on location will still be crucial for those looking to [settle into their dream homes](https://money.com/first-time-buying-home-checklist/) this year. But that doesn’t mean having to compromise on quality of life, according to Realtor.com’s new predictions for 2023’s best markets for first-time homebuyers. "There are markets where young buyers can find not just a relatively affordable home, but a neighborhood that offers a mix of economic opportunity and lifestyle amenities," Realtor.com Chief Economist Danielle Hale said in a [news release](https://www.prnewswire.com/news-releases/realtorcom-forecasts-the-10-best-markets-for-first-time-homebuyers-in-2023-301724313.html). ## Where to look Realtor.com generated its ranking of this year’s 10 best markets by looking at factors like population size, home sale inventory, local median listing prices, lifestyle amenities and job markets. Geared toward younger buyers, the [locations](https://money.com/best-places-to-live/) that made the ranking offer plenty of food and drink options, affordability, shorter commutes and strong housing markets so buyers can get the most out of their investment. These are the 10 best housing markets for first-time home buyers in 2023: 1. Portsmouth, Virginia 2. DeForest, Wisconsin 3. Windsor Locks, Connecticut 4. Gloucester City, New Jersey 5. Moore, Oklahoma 6. Magna, Utah 7. Eggertsville, New York 8. Watervliet, New York 9. Mattydale, New York 10. 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