Buying a home remains a dream for many Americans, but home prices and rising interest rates are making realizing that dream difficult.
WalletHub, a personal finance company that often analyzes data, released a study May 20, identifying the most affordable cities for homebuyers.
Factors considered included not only home prices but overall cost of living, maintenance costs and taxes.
While several Florida cities were included in the 300 cities listed, the most affordable city — located in Brevard County — didn’t appear until No. 17.
What were the 10 most affordable cities in US for home buyers?
Source: WalletHub
The top 10 most affordable cities for home buyers ranked by WalletHub were:
What were the top affordable cities for home buyers in Florida?
The first Florida city to make WalletHub’s list didn’t appear until No. 17, Palm Bay.
Here were the 26 Florida cities, and their ranking, on the list:
What were the least affordable cities in US for homebuyers?
No. 300: Santa Barbara, California
No. 299: Santa Monica, California
No. 298: Berkeley, California
No. 297: Costa Mesa, California
No. 296: Irvine, California
No. 295: Glendale, California
No. 294: Los Angeles, California
No. 293: Burbank, California
No. 292: New York, New York
No. 291: Pasadena, California
No. 290: San Francisco, California
Methodology for WalletHub housing affordability list
To determine the most affordable cities for home buyers, WalletHub compared a sample of 300 U.S. cities using 10 metrics:
Maintenance affordability
Average cost of homeowners’ insurance
Median home-price appreciation
Quarterly active listings per capita
This article originally appeared on Florida Today: Florida home prices: List includes these cities as most affordable