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Wallet Hub: Stamford, Bridgeport Rank Poorly For First-Time Homebuyers

Stamford and Bridgeport fared poorly in a Wallet Hub report ranking cities across the United States for first-time homebuyers.
Stamford and Bridgeport fared poorly in a Wallet Hub report ranking cities across the United States for first-time homebuyers. Photo Credit: Daily Voice File photo

FAIRFIELD COUNTY, Conn. — Stamford and Bridgeport rank among the worst cities in the nation for first-time homebuyers, according to a survey by WalletHub.com.

Stamford ranked as the 269th worst city in the U.S. in which first-time buyers can purchase a home, the report said. Stamford was also the worst among cities in Connecticut. Bridgeport ranked 266th.

With July being one of the top months for home sales and a third of all home buyers also being first-timers, WalletHub took an in-depth look at 2016's Best & Worst Cities for First-Time Home Buyers.

WalletHub analyzed housing affordability, real estate tax rates and property crime rate. Newark, N.J. ranked 300th and last in the WalletHub report, while Overland Park, Kansas ranked No. 1. The top-ranked city in Connecticut, according to Wallet Hub, was Waterbury, at No. 161.

Stamford fared well in terms of quality of life (72), but was hurt by its "affordability rank" (256) and its real estate market rank (267). Bridgeport had a decent quality of life rank (134) but its affordability rank (206) and real estate market rank (291) hurt its overall score.

Click here for the complete report from Wallet Hub.

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