Zillow names Indianapolis, Chicago, Houston among top first-time buyer markets

  • Chicago and Houston rank no. 5 and no. 8 on Zillow's list.
  • The Zillow Home Value Index determined the median home value in America is $186,200.
  • Indianapolis is the most affordable place to live for first-time buyers.

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Zillow ranked Chicago and Houston no. 5 and no. 8, respectively, on its Top 10 Best Markets for First-Time Home Buyers list. The list was determined by waging the cost of homeownership against the cost of renting in various markets across the country.