PSL ranked third-best city for first-time homebuyers

Published on July 16, 2024

Source: Adam McCann, WalletHub Financial Writer, July 16, 2024

To help first-time home buyers find the best locations, WalletHub compared 300 cities of varying sizes across 22 key indicators of market attractiveness, affordability and quality of life. Our data set ranges from the cost of living to real-estate taxes to the crime rate.

Port St. Lucie, FL

Port St. Lucie, FL, is the third-best city for first-time home buyers, and like the other top cities, it stands out for having a large number of new building permits and active home listings per capita. Port St. Lucie also has the second-highest millennial homeownership rate in the country, at 64%.

Port St. Lucie is a very safe city, too. It has the second-lowest property crime rate and the 12th-lowest violent crime rate in the country. And when it comes to education, it ties Cape Coral for the 9th-best school system.

In addition, Port St. Lucie has the 16th-highest home price appreciation in the country, with homes worth 96% more in 2022 than they were in 2016. The city has the 23rd-lowest foreclosure rate among the 300 cities in our study, too.

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