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Centennial ranks as the eighth best city for first-time homebuyers, according to a recent report by NerdWallet. The San Francisco-based financial analyst firm examined data from the U.S. Census Bureau’s American Community Survey, online data provider Neighborhood Scout and Down Payment Resource for the 448 largest places in the U.S. by population. Each city was evaluated in three main categories: affordability (income to home-ratio), livability (crime rates and school rankings) and stability (housing price volatility and housing market health).
“We are very happy to see Centennial recognized along with other great Colorado cities. Buying a home for the first time is a big decision and one that can be stressful so it is nice to see Centennial excels in the categories important to those looking to purchase a home for the first time,” says Centennial Mayor Cathy Noon.
Centennial is one of the thirteen Colorado cities to make the list. Other Colorado cities are: Arvada (27), Lakewood (56), Fort Collins (74), Westminster (96), Denver (127), Aurora (130), Colorado Springs (140), Longmont (142), Thornton (159), Greeley (174), Boulder (192), Pueblo (390).
According to the Denver Business Journal, the report says: "Lovers of the outdoors fit right in here, where there are plentiful opportunities for hiking, skiing, biking, golf and other recreation activities nearby. Centennial also has many business parks and is located along several key transportation corridors."
View the entire article from NerdWallet.