10 Most Popular Cities for Millennial Homebuyers

NAWRB

Desirée Patno is the CEO and President of Women in the Housing and Real Estate Ecosystem (NAWRB) and Desirée Patno Enterprises, Inc. (DPE). With almost three decades specializing in the Housing and Real Estate Ecosystem, she leads her executive team’s expertise of championing women’s economic growth and independence.

We often hear that Millennials are currently driving the housing market. This rings true even for those in their 20’s nearing their 30’s, a prime time for first-time buyers. In a recent report, Realtor lists the most popular U.S. cities for Millennial homebuyers between the ages of 20 and 29 by looking at where they took out the highest percentage of mortgages last year from a pool of 200 large metropolitan areas.

For Millennial homebuyers, cost is still a primary factor in choosing a home, but they also want to settle down in cities that offer job opportunities, security and close proximity to city life. Their taste in homes will likely catapult lasting trends in the housing market for the next decade or more. Therefore, it is important for realtors and housing professionals to learn as much as they can about this influential demographic.

Metros with the Most 20-Something Homebuyers

  1. Evansville, IN
    • $155,000 Median Listing Price
    • 33.2% mortgages issued to buyers aged 20 to 29
  2. Duluth, MN
    • $178,600 Median Listing Price
    • 32.5% mortgages issued to buyers aged 20 to 29
  3. Clarksville, TN
    • $226,800 Median Listing Price
    • 31.8% mortgages issued to buyers aged 20 to 29
  4. Lafayette, LA
    • $210,100 Median Listing Price
    • 31.7% mortgages issued to buyers aged 20 to 29
  5. Des Moines, IA
    • $288,500 Median Listing Price
    • 31.1% mortgages issued to buyers aged 20 to 29
  6. Provo, Ut
    • $380,000 Median Listing Price
    • 30.4% mortgages issued to buyers aged 20 to 29
  7. Youngstown, OH
    • $119,300 Median Listing Price
    • 30.2% mortgages issued to buyers aged 20 to 29
  8. Wichita, KS
    • $197,500 Median Listing Price
    • 29.4% mortgages issued to buyers aged 20 to 29
  9. Utica, NY
    • $130,000 Median Listing Price
    • 29.2% mortgages issued to buyers aged 20 to 29
  10. Grand Rapids, MI
    • $286,500 Median Listing Price
    • 29.1% mortgages issued to buyers aged 20 to 29

Read the full report here.

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