Zillow ranked markets based on the percent of the population between 29 and 43 years old, among several other metrics. Credit: Michael Karlis

The San Antonio metro has once again ranked among the best U.S. markets for first-time homebuyers, this time being named the seventh-best by online real estate marketplace Zillow.

Zillow’s ranking comes a month after CreditNews research ranked the San Antonio metro as the No. 3 best spot for for those purchasing their first home.

Zillow ranked markets based on four distinct metrics, including the share of median household income spent on rent, the percent of for-sale listings a family can comfortably afford, how much competition there is for homes and how many people between the ages of 29 and 43 live in that area.

Top 10 metros for first time homebuyers, according to Zillow, are:

  1. St. Louis
  2. Detroit
  3. Minneapolis
  4. Indianapolis
  5. Austin
  6. Pittsburgh
  7. San Antonio
  8. Birmingham, Alabama
  9. Kansas City
  10. Baltimore

San Antonio had 31% of its population in the study’s designated age range, and residents spent only 23% of its median household income on rent. Additionally, Zillow deemed 33% of the houses listed for sale here as “affordable,” meaning they cost less than 30% of a family’s monthly income.

Neighboring Austin took the No. 5 spot. However, that ranking largely relied on Austin’s younger population — 34% are between 29 and 43 years old. That’s the largest share of the population in that age range to crack Zillow’s top 10 best markets for first-time buyers.

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This article appears in Apr 3-16, 2024.

Michael Karlis is a multimedia journalist at the San Antonio Current, whose coverage in print and on social media focuses on local and state politics. He is a graduate of American University in Washington,...