California is the worst state for first-time homebuyers — the staggering amount you need to pay
California has been identified as the worst state for first-time homebuyers, with San Jose ranking last among major metro areas. The analysis reveals that only 2.8% of buyers in the San Jose area secured FHA loans, which are typically favored by first-time buyers. Other California cities also struggle, though some areas like Visalia and Bakersfield-Delano offer slightly better opportunities for new homeowners.
- ▪San Jose ranks last among 150 major metros for first-time homebuyers.
- ▪Only 2.8% of buyers in the San Jose area received FHA loans, the lowest in the country.
- ▪The median income for FHA borrowers in San Jose was $193,500, with a median loan amount of $735,000.
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Real Estate California is the worst state for first-time homebuyers — the staggering amount you need to pay By Kevin Barr Published May 21, 2026, 2:26 p.m. ET See more of our coverage in your search results. Add The California Post on Google So much for a starter home. A new analysis from home finance site This First Home found that California is home to some of the worst metro areas in America for first-time homebuyers — with San Jose ranking dead last among 150 major metros. California is home to some of the worst areas for first-time home buyers.
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