Kansas City, Mo. ranks 17 on list of cities for least amount of time to become a homeowner

Among 100 of the largest U.S. cities analyzed where it takes the least amount of time for renters to save for upfront home costs, a recent study identified Kansas City, Mo. as ranking within the top 25 of cities that had the least amount of time for waiting homebuyers.

A study conducted by SmartAsset on how long it takes to become a homeowner in 100 different U.S. cities ranks Kansas City, Mo. within the top 25 of those identified as taking the least amount of time for renters to be able to buy.

The median age of a first-time homebuyer in 2019 was 33 years old, three years older than a decade prior, SmartAsset notes in the study, calculating data from 100 of the largest U.S. cities.

Kansas City, Mo. came in at 17 on the list, detailing the metrics used which include median household income, effective income tax rate, median annual rent, median home value and average closing costs.

In Kansas City, Mo.:

Income after taxes and rent: $33,844

Estimated yearly savings: $13,538

Upfront home costs: $35,918

Estimated years to home ownership: 2.65