20 of the best places to live for first-time homebuyers

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20. Boston, Massachusetts

20. Boston, Massachusetts

Annual income: $58,600

Annual savings: $12,557

Median home value: $394,300

20% down payment for median home: $78,860

Years to save for down payment: 6.28

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19. Philadelphia, Pennsylvania

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

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18. Charlotte, North Carolina

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

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

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16. San Antonio, Texas

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

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

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14. Columbus, Ohio

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

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

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12. Cincinnati, Ohio

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

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

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10. Washington, DC

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

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

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8. St. Louis, Missouri

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

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

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6. Pittsburgh, Pennsylvania

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

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

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4. Baltimore, Maryland

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

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

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2. Dallas, Texas

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

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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