The criteria used to figure out this formula was: affordability, quality of life and the current state of the local real estate market. In general, a number of California cities hovered at the bottom of the list, while the top three cities for first timers was Texas. In FL the top city at #31 is Tampa, Orlando not far behind at #64, port st lucie at #69, and Boca Raton at #69, followed close behind. Miami #269 and Miami Beach #296 fell near the bottom for first time home buyers.
23 Key metric overall:
Affordability- 33.3% this includes housing affordability, average cost of homeowners's insurance, cost of living and the avergae home's cost per square foot.
Real estate market - 33.3% this includes rent to own ratio, housing-market health index, share of homes sold in 1 year. median home-price appreciation, foreclose rate, buy vs rent break even horizon, share of listings with price cuts, share of housing units built between 2010 and 2015, building permit activity.
Quality of life- 33.3% This includes recreation-friendliness recession, recover. weather. quality of school system, driver-friendliness, total home-energy-cost, violent crime rate and property-crime rate.
Florida cities:
34. Tampa
64. Orlando
68. Port St. Lucie
69. Boca Raton
75. St. Petersburg
95. Cape Coral
88. Palm Bay
103. Clearwater
111. Jacksonville
122. Sunrise
126. Pembroke Pines
134. Lakeland
146. Davie
152. Plantation
159. Miramar
166. Gainesville
180. West Palm Beach
183. Hollywood
188. Coral Springs
194. Pompano Beach
214. Miami Gardens
234. Tallahassee
236. Fort Lauderdale
242. Hialeah
286. Miami
296. Miami Beach
Blake Anthony Papalia
Broker
Home Made Real Estate