While homeownership may still feel like a long-term dream in some parts of the country, several U.S. cities are proving it’s more attainable than ever. In these cities, renters are crossing the threshold into homeownership faster than the national average. Thanks to a mix of affordability, job growth, and supportive housing initiatives, these spots are quietly becoming homebuying hotspots. If you’re wondering where the shift from renting to owning is happening most, this list is a great place to start.
1. Buckeye, Arizona
Buckeye has emerged as a major success story when it comes to helping renters become homeowners. According to data compiled by IPX1031, the Phoenix suburb has a homeownership rate of nearly 86%, placing it among the highest in the nation. The city’s rapid population growth hasn’t yet outpaced its supply of affordable homes, making it especially appealing to first-time buyers. Buckeye’s well-planned communities and investment in infrastructure are helping it grow without sacrificing affordability.
The city offers a strong sense of community, which appeals to both young professionals and families alike. Buckeye’s housing market remains accessible compared to nearby urban centers, allowing renters to buy without extreme competition. Its close proximity to Phoenix also provides access to major job markets, schools, and healthcare facilities. Altogether, Buckeye is making the American Dream far more achievable for its residents.
2. Port St. Lucie, Florida
Port St. Lucie is another city where renters are finding their way into homeownership at a surprising rate. The same IPX1031 analysis found that over 84% of residents here own their homes, a number far above the national average. This Florida city combines the perks of coastal living with a cost of living that remains reasonable, especially when compared to larger metro areas like Miami. As a result, it’s become a magnet for families and retirees alike who are ready to settle down.
The area has seen continuous development that supports both residential growth and community amenities. Parks, schools, and recreational spaces add to the appeal for first-time buyers. Port St. Lucie also benefits from being less prone to the high real estate speculation seen elsewhere in the state. That stability helps renters feel more confident taking the step toward ownership.
3. Rio Rancho, New Mexico
Just northwest of Albuquerque, Rio Rancho is quietly making waves as a top destination for new homeowners. With a homeownership rate of nearly 85%, as noted in the IPX1031 report, renters are finding this New Mexico city to be a smart place to put down roots. Home prices remain more reasonable than in many neighboring areas, which is helping renters make the leap into homeownership sooner. Rio Rancho’s scenic desert landscape and strong community planning make it a standout.
Efforts by the city to support sustainable development are paying off, as infrastructure keeps pace with demand. First-time buyer assistance programs and low property taxes are further easing the path to ownership. Residents also appreciate the city’s safe neighborhoods and strong school systems. For renters seeking a mix of affordability and livability, Rio Rancho checks all the right boxes.
4. Mesa, Arizona
Mesa is seeing a quiet but steady trend of renters buying homes and settling down. Apartments.com highlights Mesa as one of the cities where this shift is most apparent, thanks in part to its balanced housing market. While not as inexpensive as it once was, Mesa remains more affordable than other parts of the Phoenix metro area. That gives renters an edge, especially those ready to stop paying high monthly rents.
The city is investing in long-term growth through transportation upgrades and urban renewal projects. Education and job opportunities are plentiful, giving renters more stability as they make the transition to ownership. Mesa’s many parks, cultural centers, and family-friendly neighborhoods add to its appeal. For renters seeking both opportunity and comfort, Mesa is an increasingly popular option.
5. Albuquerque, New Mexico
Albuquerque continues to attract attention for its mix of affordability and charm, making it easier for renters to buy homes. While not as fast-growing as some neighboring cities, Albuquerque’s housing market remains relatively stable and accessible. Renters benefit from low property taxes and a variety of local programs aimed at first-time buyers. With a unique Southwestern character, it offers a lifestyle that blends culture and affordability.
The city’s economic outlook remains positive, with sectors like healthcare and education providing stable employment. This makes it easier for renters to consider putting down roots long-term. Many residents are drawn to the walkable neighborhoods and distinctive architecture that give the city its identity. For those ready to make a move, Albuquerque is a city where homeownership still feels realistic.
6. Colorado Springs, Colorado
Colorado Springs is becoming a top choice for renters who want to become homeowners without stretching their budgets too thin. While nearby Denver has priced out many would-be buyers, Colorado Springs offers a more accessible alternative. The city combines a strong job market with natural beauty, attracting both young professionals and families. Outdoor activities and scenic views are a major bonus for those looking to settle down.
Housing developments are expanding to meet the growing demand, helping to keep prices relatively competitive. The city also invests heavily in infrastructure, schools, and public transportation. These improvements make it easier for newcomers to integrate and thrive. For renters looking for a mix of affordability and lifestyle, Colorado Springs continues to deliver.
7. Louisville, Kentucky
Louisville offers a great balance between cost of living and quality of life, making it ideal for renters becoming homeowners. The city’s housing market has remained fairly stable, avoiding the wild swings seen in other parts of the country. Programs like down payment assistance and housing education have helped many renters make the leap. For those working in the city’s growing healthcare and logistics sectors, long-term stability is well within reach.
Louisville’s neighborhoods each have their own personality, giving buyers a variety of choices. From historic homes to new developments, there’s something for every style and budget. The city also boasts an expanding food scene and a strong arts culture. It’s a city where renters can put down roots and genuinely feel at home.
8. El Paso, Texas
El Paso stands out as one of the most affordable metro areas in Texas, which naturally supports a high rate of homeownership. With relatively low housing costs and a strong sense of community, many renters find it’s easier here to transition into owning. The job market is bolstered by government, healthcare, and military sectors, providing economic stability. That security makes long-term investments like homeownership more appealing.
The city offers a high quality of life without the high prices found in cities like Austin or Dallas. Residents enjoy a rich cultural heritage and easy access to outdoor spaces. El Paso’s local government has also made strides in supporting affordable housing initiatives. Renters looking for a welcoming and practical place to call home are increasingly finding it here.
9. Boise, Idaho
Boise has been attracting national attention for its rapid growth and livability. While prices have increased in recent years, the city still offers better affordability than many West Coast metros. Renters who moved here for the lifestyle are now taking the next step into homeownership. The area’s strong economy and low crime rate are added incentives.
Boise’s real estate market includes a mix of single-family homes and newer developments aimed at first-time buyers. Green spaces and outdoor recreation opportunities make it especially appealing to young professionals and families. Local leaders are working to keep housing accessible despite the city’s rising popularity. For renters seeking a scenic yet practical place to own, Boise continues to impress.
10. Des Moines, Iowa
Des Moines consistently ranks high on lists of affordable and livable cities, and it’s no wonder renters are turning into homeowners here. With a stable economy and low unemployment, it offers the kind of financial consistency buyers need. The housing market features reasonable prices and a variety of housing stock. As a result, renters are finding more paths to ownership.
The city supports homeownership through educational resources and community lending programs. Public transportation and infrastructure improvements are also helping connect neighborhoods and support growth. Cultural attractions and a growing food scene are attracting a younger demographic. Des Moines offers renters the chance to settle into a community without financial strain.
11. Chattanooga, Tennessee
Chattanooga has quietly become one of the South’s most dynamic cities for new homeowners. Known for its scenic beauty and thriving tech sector, it’s also one of the more affordable cities in the region. Renters are increasingly taking advantage of this affordability to invest in homes. The city’s fiber-optic internet and revitalized downtown are added attractions.
First-time buyers are supported by local nonprofits and municipal programs aimed at improving access to housing. The blend of urban amenities and outdoor recreation is a big draw. Chattanooga’s transportation and education systems continue to improve alongside its housing options. For renters with long-term plans, Chattanooga offers the perfect mix of charm and opportunity.
12. Omaha, Nebraska
Omaha might not always make headlines, but it offers one of the most accessible housing markets in the country. With a strong local economy anchored in healthcare, education, and finance, renters have a solid foundation for homeownership. Prices remain manageable, and homes stay on the market longer than in more competitive areas, giving buyers more breathing room. For renters, that’s a valuable advantage.
The city promotes first-time ownership with local incentives and supportive community banking. Omaha also offers a variety of neighborhoods, from family-friendly suburbs to walkable urban areas. Public investment in infrastructure and transit is enhancing livability across the board. It’s a great place for renters ready to make a lasting investment.
13. Fayetteville, Arkansas
Fayetteville rounds out the list with a combination of affordability, economic opportunity, and small-town charm. Home to the University of Arkansas, the city enjoys a youthful, dynamic energy that draws in new residents. The local economy is growing, and housing remains accessible despite increasing interest. For renters looking to plant roots, it’s a standout option.
The region’s natural beauty, including the Ozarks and nearby state parks, adds lifestyle appeal. Fayetteville’s local government has also introduced initiatives to support sustainable development and affordable housing. Arts, food, and culture flourish here in a way that surprises many first-time visitors. For renters seeking both value and community, Fayetteville is a hidden gem.
