Centennial ranks as the eighth best city for first-time homebuyers, according to a recent report by NerdWallet.
The San Francisco-based financial-analyst firm examined data from the U.S. Census Bureau’s American Community Survey, the online data provider Neighborhood Scout and Down Payment Resource for the 448 largest places in the United States by population.
Each city was then evaluated in three main categories: affordability (income-to-home ratio), livability (crime rates and school rankings) and stability (housing-price volatility and housing-market health).
“We are very happy to see Centennial recognized along with other great Colorado cities,” Mayor Cathy Noon said. “Buying a home for the first time is a big decision and one that can be stressful, so it is nice to see Centennial excels in the categories important to those looking to purchase a home for the first time.”
Centennial is one of 13 Colorado cities to make the list. Others include Arvada (27), Lakewood (56), Fort Collins (74), Westminster (96), Denver (127), Aurora (130), Colorado Springs (140), Longmont (142), Thornton (159), Greeley (174), Boulder (192) and Pueblo (390).
“Lovers of the outdoors fit right in here, where there are plentiful opportunities for hiking, skiing, biking, golf and other recreation activities nearby. Centennial also has many business parks and is located along several key transportation corridors,” quotes the Denver Business Journal.
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