Charlotte ranks 83rd out of 300 cities ranked according to how hospitable they are to first-time homebuyers, according to the online financial website WalletHub.
WalletHub assessed the cities on home affordability, the strength of the real estate market and the community environment in compiling the list. Charlotte ranked 89th in affordability, 22nd in real estate market and a paltry 233 in community environment. Community environment included crime rates, recreation, level of recovery from the recession, weather, home energy cost, taxes and availability of jobs.
Elsewhere in North Carolina, Cary ranked 26th; Raleigh 47th ; Fayetteville 100th; High Point 103rd; Greensboro 115th; Winston-Salem 121st; Durham 143rd; and Wilmington 239th. In South Carolina, Charleston ranked 66th and North Charleston 156th.
No. 1 was Broken Arrow, Okla. Also in the top 10 were the Texas cities Allen, Denton, Frisco, Plano, McKinney and Richardson; Norman, Okla.; and Centennial and Thornton, Colo.
At No. 300 was Richmond, Calif. Other bottom-dwellers included Newark, Paterson and Elizabeth, N.J.; Salinas, Oakland and Compton, Calif.; New Bedford, Mass., New Haven, Conn., and Yonkers, N.Y.