NewsMaking It In San Diego

Actions

Making It in San Diego: San Diego among worst cities in U.S. for first-time homebuyers

Posted: 4:03 PM, Mar 18, 2019
Updated: 2019-03-18 19:05:08-04
Home for sale

SAN DIEGO (KGTV) -- San Diego is among the worst cities in the U.S. for first-time homebuyers, according to a new report by Bankrate.com .

San Diego placed 7th on the list among 50 of the largest metro areas in the U.S. America’s Finest City made the list based on several factors, including poor job market, lack of affordability and market tightness.

Although San Diego ranked poorly in the above categories, it received high marks for safety, coming in ninth.

RELATED: Granny flat permits soar in San Diego

San Diego certainly wasn’t lonely on the list as several other California cities, including San Francisco, Los Angeles and Sacramento also made the list.

According to the report, some prospective buyers are leaving California cities like San Francisco for more affordable housing markets while others are simply moving farther away from downtown.

The list below shows the top 10 worst cities for first-time homebuyers:

  1. San Francisco
  2. Los Angeles
  3. Sacramento
  4. San Jose
  5. Seattle
  6. San Bernardino
  7. San Diego
  8. Las Vegas
  9. Miami
  10. Memphis

RELATED: San Diego's housing market cooling down, new report shows

See the list below for the top markets for first-time buyers:

  1. Pittsburgh
  2. Raleigh
  3. Oklahoma City
  4. Hartford
  5. St. Louis
  6. Cincinnati
  7. Buffalo
  8. Minneapolis
  9. Kansas City
  10. Virginia Beach