Here are the best and worst places to try buying a home if you’re single

A study ranked Edison, NJ as the easiest place and New York City as the toughest

National /
Oct.October 20, 2018 10:00 AM

Edison, New Jersey (Credit: Safe Shredding LLC and Pixabay)

If you’re single and looking for a home, Edison, New Jersey is the place to be.

Edison topped a study from Homes.com of the best cities in the United States to live in for first-time single homebuyers, according to the New York Post. The median price for a one-bedroom home is just $65,000, and the average mortgage for the properties makes up only 8.78 percent of monthly median income in the city.

Other solid places for single homebuyers include Overland Park in Kansas, West Palm Beach in Florida and Sterling Heights in Michigan.

New York City was at the opposite end of the list as the hardest city for a single person to buy a home with average monthly mortgage payments for a one-bedroom making up 114.55 percent of the area’s median monthly salary. Other pricey areas include several California cities such as Oxnard, Santa Clara and Elk Grove. [NYP] – Eddie Small


Related Articles

arrow_forward_ios
From left: One57 and HNA Group’s Chen Feng, 15 Hudson Yards, 188 E 64th Street and Barry Skolnick (Photos via Getty, StreetEasy, 15 Hudson Yards)
Luxury market hot streak rolls on as Hudson Yards and One57 condos find buyers
Luxury market hot streak rolls on as Hudson Yards and One57 condos find buyers
The $8.9 million Mill Basin property (Douglas Elliman)
Massive Mill Basin townhouse tops Brooklyn contracts
Massive Mill Basin townhouse tops Brooklyn contracts
Meet the 20-somethings funneling their crypto millions into real estate
Meet the 20-somethings funneling their crypto millions into real estate
Meet the 20-somethings funneling their crypto millions into real estate
Mack-Cali Realty CEO Mahbod Nia and River Centre in Red Bank (Mack-Cali)
Mack-Cali offloads Red Bank office complex for $84M
Mack-Cali offloads Red Bank office complex for $84M
Cohabs' CEO Youri Dauber and James Grasso (Twitter, LinkedIn)
European co-living company Cohabs plans $50M NYC expansion
European co-living company Cohabs plans $50M NYC expansion
 Jay Bialsky and 2 West Water Street in Sag Harbor (Getty, renderings via Bespoke Real Estate)
The drama behind Jay Bialsky’s $25M listing in Sag Harbor
The drama behind Jay Bialsky’s $25M listing in Sag Harbor
From left: 80 Columbus Circle with Robert Stiller and 737 Park Avenue with Hamad bin Khalifa Al Thani (Photos via Google Maps, Agnovos, State of Qatar, Godsfriendchuck/Wikimedia)
Mandarin Oriental, 737 Park units sell at substantial losses
Mandarin Oriental, 737 Park units sell at substantial losses
Steve Cohen and 151 East 158th Street (Getty, Google Maps)
Steve Cohen’s $30M condo sells above asking — after a 74% cut
Steve Cohen’s $30M condo sells above asking — after a 74% cut
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...