Here are the 17 best cities for first-time homebuyers

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Sean Pavone/Shutterstock

Zillow, a leading real estate and rental marketplace, has put out a list of the top housing markets for first-time homebuyers.

“These markets have more favorable conditions for first-time buyers to become homeowners. More challenging metros aren’t out of reach for new buyers, but they should be prepared to face a more competitive buying environment,” said Zillow Chief Economist Dr. Svenja Gudell.

The rankings are based on Zillow Real Estate Research’s housing data and research covering more than 450 markets.

Here’s the list of first-time homebuyers’ best housing markets:


17. Riverside, CA

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Shutterstock/Jon Bilous

Breakeven Horizon 1Q 2017: 2 years, 5 months

Inventory: 14,462

Households: 1,343,526

Annual Forecasted Home Value Appreciation: 3.8%

Share of Listings with a Price Cut: 13.4%

Source: Zillow


16. Philadelphia, PA

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f11photo/Shutterstock

Breakeven Horizon 1Q 2017: 2 years, 7 months

Inventory: 26,597

Households: 2,233,752

Annual Forecasted Home Value Appreciation: 2.3%

Share of Listings with a Price Cut: 17.3%

Source: Zillow


15. Houston, TX

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Reuters/Richard Carson

Breakeven Horizon 1Q 2017: 2 years, 4 months

Inventory: 24,960

Households: 2,292,992

Annual Forecasted Home Value Appreciation: 1.5%

Share of Listings with a Price Cut: 17.9%

Source: Zillow


14. St. Louis, MO

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Wikimedia Commons

Breakeven Horizon 1Q 2017: 2 years, 4 months

Inventory: 12,373

Households: 1,108,303

Annual Forecasted Home Value Appreciation: 1.5%

Share of Listings with a Price Cut: 15.0%

Source: Zillow


13. Kansas City, MO

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Tupungato/Shutterstock

Breakeven Horizon 1Q 2017: 1 year, 8 months

Inventory: 6,616

Households: 814,092

Annual Forecasted Home Value Appreciation: 2.9%

Share of Listings with a Price Cut: 11.6%

Source: Zillow


12. Chicago, IL

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Courtesy of TripAdvisor

Breakeven Horizon 1Q 2017: 2 years, 3 months

Inventory: 37,367

Households: 3,470,993

Annual Forecasted Home Value Appreciation: 2.6%

Share of Listings with a Price Cut: 16.7%

Source: Zillow


11. Cincinnati, OH

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Shutterstock

Breakeven Horizon 1Q 2017: 1 year, 9 months

Inventory: 6,160

Households: 832,607

Annual Forecasted Home Value Appreciation: 2.7%

Share of Listings with a Price Cut: 14.2%

Source: Zillow


10. Cleveland, OH

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f11photo/Shutterstock

Breakeven Horizon 1Q 2017: 1 year, 11 months

Inventory: 10,045

Households: 849,475

Annual Forecasted Home Value Appreciation: 1.8%

Share of Listings with a Price Cut: 14.1%

Source: Zillow


9. Dallas-Fort Worth, TX

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kan_khampanya/Shutterstock

Breakeven Horizon 1Q 2017: 1 year, 8 months

Inventory: 16,331

Households: 2,479,995

Annual Forecasted Home Value Appreciation: 4.4%

Share of Listings with a Price Cut: 13.7%

Source: Zillow


8. Detroit, MI

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Shutterstock

Breakeven Horizon 1Q 2017: 1 year, 7 months

Inventory: 13,919

Households: 1,674,251

Annual Forecasted Home Value Appreciation: 3.2%

Share of Listings with a Price Cut: 12.7%

Source: Zillow


7. Atlanta, GA

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Sean Pavone/Shutterstock

Breakeven Horizon 1Q 2017: 1 year, 9 months

Inventory: 28,888

Households: 2,028,705

Annual Forecasted Home Value Appreciation: 3.1%

Share of Listings with a Price Cut: 12.4%

Source: Zillow


6. Pittsburgh, PA

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f11photo/Shutterstock

Breakeven Horizon 1Q 2017: 1 year, 11 months

Inventory: 10,830

Households: 990,355

Annual Forecasted Home Value Appreciation: 2.5%

Share of Listings with a Price Cut: 14.9%

Source: Zillow


5. San Antonio, TX

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Shutterstock

Breakeven Horizon 1Q 2017: 1 year, 11 months

Inventory: 7,444

Households: 791,273

Annual Forecasted Home Value Appreciation: 3.0%

Share of Listings with a Price Cut: 17.2%

Source: Zillow


4. Las Vegas, NV

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Flickr / Moyan Brenn

Breakeven Horizon 1Q 2017: 2 years, 1 month

Inventory: 13,012

Households: 740,966

Annual Forecasted Home Value Appreciation: 4.8%

Share of Listings with a Price Cut: 12.0%

Source: Zillow


3. Indianapolis, IN

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KYPhua/Shutterstock

Breakeven Horizon 1Q 2017: 1 year, 6 months

Inventory: 7,706

Households: 755,100

Annual Forecasted Home Value Appreciation: 3.0%

Share of Listings with a Price Cut: 13.1%

Source: Zillow


2. Tampa, FL

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Shutterstock/Sean Pavone

Breakeven Horizon 1Q 2017: 1 year, 10 months

Inventory: 14,998

Households: 1,166,704

Annual Forecasted Home Value Appreciation: 3.2%

Share of Listings with a Price Cut: 18.8%

Source: Zillow


1. Orlando, FL

source
Sean Pavone/Shutterstock

Breakeven Horizon 1Q 2017: 1 year, 11 months

Inventory: 10,344

Households: 845,295

Annual Forecasted Home Value Appreciation: 3.8%

Share of Listings with a Price Cut: 17.4%

Source: Zillow


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Here are the 10 worst US housing markets for investment