Best U.S. cities for first-time homebuyers in 2026, ranked by affordability

First-time homebuyers in the U.S. dropped to a record low of 21% in 2024, with the average age rising to 40. Affordability depends on local wages and home prices. The top markets for first-time buyers in 2026 have median home prices below $415,000, strong economies, good amenities, and reasonable commutes. Cities like Rochester, Harrisburg, and Granite City offer affordability, job stability, and equity growth for younger buyers.