20 of the best places to live for first-time homebuyers
20. Boston, Massachusetts
19. Philadelphia, Pennsylvania
Annual income: $46,900
Annual savings: $5,862
Median home value: $174,200
20% down payment for median home: $34,840
Years to save for down payment: 5.94
18. Charlotte, North Carolina
Annual income: $42,800
Annual savings: $5,350
Median home value: $156,700
20% down payment for median home: $31,340
Years to save for down payment: 5.86
17. Houston, Texas
Annual income: $45,300
Annual savings: $5,662
Median home value: $165,600
20% down payment for median home: $33,120
Years to save for down payment: 5.85
16. San Antonio, Texas
Annual income: $41,800
Annual savings: $5,225
Median home value: $149,100
20% down payment for median home: $29,820
Years to save for down payment: 5.71
15. Atlanta, Georgia
Annual income: $46,200
Annual savings: $5,775
Median home value: $163,800
20% down payment for median home: $32,760
Years to save for down payment: 5.67
14. Columbus, Ohio
Annual income: $42,100
Annual savings: $5,262
Median home value: $147,300
20% down payment for median home: $29,460
Years to save for down payment: 5.6
13. New York, New York
Annual income: $63,900
Annual savings: $13,693
Median home value: $346,200
20% down payment for median home: $69,240
Years to save for down payment: 5.06
12. Cincinnati, Ohio
Annual income: $42,000
Annual savings: $5,250
Median home value: $130,500
20% down payment for median home: $26,100
Years to save for down payment: 4.97
11. Kansas City, Missouri
Annual income: $44,800
Annual savings: $5,600
Median home value: $136,700
20% down payment for median home: $27,340
Years to save for down payment: 4.88
10. Washington, DC
Annual income: $67,900
Annual savings: $14,550
Median home value: $343,000
20% down payment for median home: $68,600
Years to save for down payment: 4.71
9. Austin, Texas
Annual income: $50,700
Annual savings: $10,864
Median home value: $249,700
20% down payment for median home: $49,940
Years to save for down payment: 4.60
8. St. Louis, Missouri
Annual income: $43,200
Annual savings: $ 5,400
Median home value: $119,900
20% down payment for median home: $23,980
Years to save for down payment: 4.44
7. Cleveland, Ohio
Annual income: $42,900
Annual savings: $5,362
Median home value: $109,600
20% down payment for median home: $21,920
Years to save for down payment: 4.09
6. Pittsburgh, Pennsylvania
Annual income: $41,700
Annual savings: $5,212
Median home value: $103,600
20% down payment for median home: $20,720
Years to save for down payment: 3.98
5. Indianapolis, Indiana
Annual income: $39,400
Annual savings: $6,567
Median home value: $122,500
20% down payment for median home: $24,500
Years to save for down payment: 3.73
4. Baltimore, Maryland
Annual income: $54,300
Annual savings: $11,636
Median home value: $214,000
20% down payment for median home: $42,800
Years to save for down payment: 3.68
3. Detroit, Michigan
Annual income: $43,100
Annual savings: $5,388
Median home value: $96,700
20% down payment for median home: $19,340
Years to save for down payment: 3.59
2. Dallas, Texas
Annual income: $50,600
Annual savings: $10,843
Median home value: $185,400
20% down payment for median home: $37,080
Years to save for down payment: 3.42
1. Chicago, Illinois
Annual income: $50,500
Annual savings: $10,821
Median home value: $177,300
20% down payment for median home: $35,460
Years to save for down payment: 3.28
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