An Illinois city has officially made a list of the top five best cities for first-time homebuyers. The report, released by ConsumerAffairs, analyzed America's 150 largest cities by 11 different metrics to compile the list. Aurora, Illinois, the second-largest city in the state, came in at number four on the list. According to the report, one of Aurora’s best features is its affordability, with a median home price of only 3.4 times the city's median income. Aurora also scored well in categories like appreciation rates and access to parks. Another Midwest city beat out Aurora for a higher spot. Fort Wayne, Indiana, came in at number three on the list. The report noted the city’s affordable mortgage payments, low barrier to entry and short time on the market as key factors.
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