Nine Colorado cities rank in the top 50 best cities for first-time home buyers, according to recent analysis by WalletHub, a personal finance website. Four of those made the top 20 – Centennial, Thornton, Arvada and Greeley, coming in at Nos. 3, 6, 17, and 20, respectively.
With home prices rising in Colorado and across the nation, buying a first home is challenging. Potential buyers need to develop a realistic perspective on market prices, their financing options, and neighborhoods that have a good reputation and appeal to their lifestyle.
To help potential buyers target possible locations, WalletHub compared 300 cities of varying sizes across 27 key indicators of market attractiveness, affordability, and quality of life. Data includes important factors like cost of living, real-estate taxes, and property-crime rate.
Here are the rankings of the Colorado cities reported:
25. Fort Collins
27. Colorado Springs
Among those cities, Colorado Springs has the fourth-lowest real estate tax rate in the nation.
First-time home buyers are often in the millennial generation. As it turns out, Colorado is the ninth-best state for millennials, according to a separate WalletHub report.
Millennials – those born between 1981 and 1997 – make up over 35% of the workforce. While often thought of as “kids,” the oldest are 37 years old.
In addition to a total score of 9, Colorado ranks high for quality of life (7), economic health (3) and civic engagement (10). No. 1 ranked District of Columbia also ranked first in the nation for quality of life and civic engagement.
Colorado was evaluated along with all 50 states and the District of Columbia across 30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate.
Here’s a look at the top 10 states for millennials:
For more information, see the full reports at https://wallethub.com/edu/best-and-worst-cities-for-first-time-home-buyers/5564/#methodology and https://wallethub.com/edu/best-states-for-millennials/33371/ .
Posted by Tom Kalinski Founder RE/MAX of Boulder on Friday, August 24th, 2018 at 10:36am.
If you live in Boulder and laugh a lot, pat yourself on the back. You – and 100,000 of your neighbors – put Boulder on the happiness chart.
Fact is, Boulder is the happiest city in America, based on the Gallup-Sharecare Well Being Index.
Using their experience studying the world’s most thriving populations, National Geographic bestselling author Dan Buettner and Gallup’s social scientists developed an index to assess happiness and identify where Americans are living their happiest lives.
Boulder and two other Colorado cities fare well in that assessment, with Boulder at No. 1, Fort Collins No. 4, and Colorado Springs No. 18.
In a recent National Geographic story and newly-published The Blue Zones of Happiness, Buettner explained the environmental and lifestyle factors that contribute to the overall happiness.
“If you want to get happy, don’t try and change your belief system. Change your environment,” says Buettner.
According to Buettner, happiness is greatest when living in cities that excel in 15 metrics including civic engagement, walkability and healthy food options. In happier places, residents smile and laugh often, socialize daily, spend time in green spaces, and feel they are progressing toward achieving life goals.
Boulder aces all of these categories. As a result, Boulderites overwhelmingly feel “active and productive every day.”
For those of us who live here, we know why Boulder makes us so happy. Here are the factors described in the 25 Happiest Cities report:
Walkability, bike-ability and access to nature
Located in at the base of the foothills of the Rocky Mountains, Boulder abounds in beautiful vistas, frequent sunshine, and an excellent climate. The combination lures residents to spend lots of time outdoors, enjoying hiking and biking on 300 miles of trails.
In fact, more people walk to work in Boulder than in any other city in the U.S. And the study found a high correlation between the bike-ability of a city and residents’ happiness levels.
Low rates of smoking and obesity, and high rates of exercise also contribute to happiness.
Sense of community
Boulder residents actively engage in community, whether it’s socializing a couple of hours every day or fighting to maintain the characteristics that make Boulder a ‘happy place’ and a highly desirable place to live.
But, even with all of that happiness, Boulder residents reported higher stress levels than the national average, with 49 percent saying they felt stress.
The National Geographic Gallup Special/Blue Zones Index draws on nearly 250,000 interviews conducted with adults from 2014 to 2015 in 190 metropolitan areas across the U.S.
The top 10 cities are:
1. Boulder, CO
2. Santa Cruz-Watsonville, CA
3. Charlottesville, VA
4. Fort Collins, CO
5. San Luis Obispo, CA
6. San Jose, CA
7. Provo, UT
8. Bridgeport-Stamford-Norwalk, CT
9. Barnstable Town, MA
10. Anchorage, AK
For the full story and list of all 25 cities, visit https://www.nationalgeographic.com/travel/destinations/north-america/united-states/happiest-cities-united-states-2017/