Florida cities lead the nation on where first-time homebuyers may find it compelling to invest their dollars to purchase property, according to an analysis by personal finance platform WalletHub.

The platform arrived at the ranking after looking at market attractiveness, affordability and quality of life, it said. Of the top 10 cities that were deemed the best places for first- time homebuyers, six came from the Sunshine State.

WalletHub’s analysis comes at a time when the Florida housing market has been grappling with elevated prices and high costs of homeownership insurance on the back of increased frequency of climate change-related weather disruptions. Part of the reason prices had risen in the state was due to a rush of new buyers that moved to the state during COVID. However, recent trends show high prices and rising costs of insurance may be hurting home sales in the state.

But some markets in the state could offer some opportunities for first-time homebuyers, according to WalletHub.

Palm Bay was ranked the best city for those buyers. It’s in the east central coast of the state, bookended by Jacksonville and Miami, according to a description on the city’s website. It has a population of a little more than 136,000 people.

“It leads the country when it comes to active home listings per capita and new building permits per capita, so there are plenty of older and brand-new homes to choose from,” WalletHub noted.

Owning a home in the area could also be a good investment, the personal website pointed out.

“The city has the fourth-highest home appreciation rate in the country. Homes in the city were worth 106 [percent] more in 2022 than they were in 2016,” they said. “It’s also worth noting that Palm Bay has a pretty decent school system, too, for those who have or want children.”

Homes in the area list at an average price of about $327,000, which is lower than the national average of about $406,000, according to Zillow as of June.

Next on the list was Cape Coral, Florida. Among its attractions, WalletHub points out, is that living in the area will afford residents some top-notch real estate advice.

“It also leads the country when it comes to real-estate agents per capita, which helps ensure that people are able to find good houses for their needs and makes the process go more smoothly,” WalletHub said.

The median list price for the city comes in about $356,000, also lower than the national average, Zillow data shows.

Rounding up the top three cities for first-time homebuyers is Port St. Lucie. The area offers a lot of options for buyers, where the average listing price is nearly $400,000. Owning a home in the city could also be a good investment, according to WalletHub.

“Port St. Lucie has the 16th-highest home price appreciation in the country, with homes worth 96% more in 2022 than they were in 2016,” the personal finance website said.