According to a recent research by Today’s Homeowner, the American dream is still alive in the suburbs of San Diego.
Being a first-time home buyer in the area can be challenging as the cost of living in the area rises due to rising gas prices and impending water rate increases.
The research team at Today’s Homeowner, which offers professional guidance on home modifications, undertook a survey to identify the top suburbs in America to assist people looking to buy their first home.
The researchers did this by comparing 583 suburbs of the biggest cities in the United States based on population using 11 variables that fell into these four categories: affordability, inventory, job possibilities, and livability.
The down payment to income ratio, the number of properties for sale per 100,000 residents, the median family income, and the proportion of households with children were a few of the things that were taken into account.
According to this report, the top eight San Diego suburbs for first-time homebuyers are as follows:
Number 1: San Marcos
Number 2: Chula Vista
Number 3: Escondido
Number 4: Vista
Number 5: Oceanside
Number 6: El Cajon
Number 7: Carlsbad
Number 8: Encinitas
The research team at Today’s Homeowner said that San Marcos is tucked away in the hills between San Diego and Escondido and features “beautiful trails, parks, and scenic vistas that take advantage of the Southern California climate.”
They went on to discuss their results, including San Marcos’ “vibrant, growing downtown area with boutiques, restaurants, and entertainment venues,” as well as the region’s top-notch schools, community activities, and simple access to San Diego attractions.
According to this analysis, San Marcos is rated as the No. 468 “best” suburb for first-time homebuyers in the nation.