Phoenix, AZ – According to a recent Cyberhomes.com’s study, Phoenix area suburb Ahwatukee zip code 85044 was rated as number 2 out of 7000 zip codes in terms of affordability for first time home buyers.
|
City
|
Zipcode
|
Median Income
|
Median Home Price
|
Affordability Index
|
Unemployment Rate
|
|---|---|---|---|---|---|
|
Memphis, TN
|
38018
|
86000
|
117000
|
436
|
7.8
|
|
Ahwatukee, AZ
|
85044
|
148200
|
256500
|
340
|
7.3
|
|
Lincoln, NE
|
68507
|
57900
|
108800
|
313
|
4.0
|
|
Lubbock, TX
|
79424
|
67700
|
149700
|
266
|
5.7
|
|
Richmond, VA
|
23236
|
83700
|
185700
|
265
|
6.6
|
Source: Table date compiled from Cyberhomes.com
Other factors to be considered when looking to buy a home include: job availability, schools, neighborhood trends, and proximity to shopping areas etc suggested the Cyberhomes report.
Related to buying a home, there are steps to take as a first time home buyer.
- One of the first steps to take is to get your credit report long before you venture out to search for homes. You want to make sure of what you can afford to set up your home buying expectations and efforts from the beginning.
- Another benefit of getting your credit report early is to identify any problems with your credit report and your credit scores.
- If your credit report is squared away, you will want to contact a mortgage company loan officer to get yourself pre-approved.
- Once pre-approved, you can then search for homes.
For more steps to buying a home see: Mortgage Loan Process – The Steps To Buying A House – Home Buying Process
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