These Are the 10 Best U.S. Cities for First-time Homebuyers in 2026

"We focused on places where first-time buyers can afford a home and enjoy a strong quality of life that includes entertainment, reasonable commutes, and everyday conveniences. This is proof that you don't have to live in a major coastal metro to live well in 2026."

"Set along the Illinois River, Peoria tops the list by pairing some of the lowest housing and living costs with the strongest overall quality-of-life score,"

"Residents enjoy riverfront attractions like the Peoria Riverfront Museum, lively festivals, and an expanding network of trails and parks, offering plenty of recreation and community engagement."

Neighbors Bank identified the top U.S. cities for first-time homebuyers in 2026 by combining affordability thresholds with quality-of-life measures. Eligible cities had populations over 115,000 and total monthly housing costs at or below 35 percent of median household income. Rankings incorporated crime and employment rates, commute times, childcare costs, home appreciation, and entertainment options. Peoria, Illinois ranked first with a median home price just under $162,000 and a median monthly housing cost of $1,492. Peoria offers riverfront attractions, festivals, and expanding trails and parks. Home values have risen but remain comparatively affordable for first-time buyers.

Read at Travel + Leisure