What’s Trending? Millennial Homebuyers Are Eyeing These Locations
These are the top 10 cities among millennial homebuyers:
- Salt Lake City, Utah
- Minneapolis, Minn.
- Pittsburgh, Pa.
- Buffalo, N.Y.
- Denver, Colo.
- St. Louis, Mo.
- Kansas City, Mo.
- Columbus, Ohio
- Rochester, N.Y.
- Cincinnati, Ohio
Here are the least popular cities among millennial homebuyers:
- Tampa, Fla.
- Las Vegas, Nev.
- Miami, Fla.
- Orlando, Fla.
- San Diego, Calif.
- Sacramento, Calif.
- Jacksonville, Fla.
- New York, N.Y.
- Riverside, Calif.
- Atlanta, Ga.
The key findings? The majority of purchase requests by millennials occurred in the Salt Lake City, Minneapolis and Pittsburgh metros. Meanwhile, Tampa and Miami, Fla., as well as Las Vegas, had the least amount of purchase requests by this demographic. And where are millennials delaying homeownership? San Francisco and San Jose, Calif., and New York had the longest wait times for millennials purchasing homes. On average, millennials buy at age 29.6 in these locations, compared to the average age of 28.7 across the remaining 47 largest U.S. metros.
Posted by RIS HouseCall on Dec 28 2018 – 12:20pm by Liz Dominguez 59
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