First-time homebuyers made up only 21% of U.S. purchases in 2025, with affordability varying widely by city. Palm Bay, Florida, tops the list for first-time buyers due to affordable prices, job opportunities, and quality of life. Surprise and Gilbert, Arizona, also rank high for affordability and market conditions. California cities like Santa Barbara, Santa Monica, and Berkeley rank lowest due to extremely high prices, limited supply, and intense competition, making first-time ownership nearly impossible.