According to personal finance site SmartAsset, fewer than 35% of adults under age 35 own a home. But owning a home doesn't have to be a far-off dream, even if you're still in your 20s or early 30s.
In a recent report, SmartAsset determined the best cities in the US for first-time homebuyers by looking at data on the affordability, mortgage availability, and stability of the housing market in every city with a population over 300,000.
For millennials in search of their first home, Oklahoma and Texas are going to be the best buys — five of the top ten cities are located in these two states. Read on to see which other cities made the cut, the average price per square foot of home in each city (from Zillow), and the percentage of loans that get approved in each city (from the Mortgage Bankers Association). For reference, the average loan funding ratio for major US cities is 69%.
We also included the median home prices for each city's metropolitan area, from the National Association of Realtors.
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