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Report ranks Rochester low for first-time home buyers

Rochester ranks low among the best places for first-time home buyers, according to a report from WalletHub.

In its 2017’s Best & Worst Places for First-Time Home Buyers, the personal finance website ranked 300 cities from all over the country; Rochester came in 228th overall.

WalletHub looked at market attractiveness, affordability and quality of life in each city to develop the rankings. The data set takes into consideration the cost of living, real estate taxes and property-crime rate.

Rochester ranked 121 for affordability, 295 for real estate market attractiveness and was rated 252 for quality of life.

McKinney, Texas, ranked number one as the best city for first-time home buyers, while Santa Barbara, Calif., ranked last.

WalletHub broke down the data further, ranking by city size. Rochester ranked 77th of 98 midsize cities.

(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email madams@bridgetowermedia.com.

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