Four Cities Where Millennials Actually Act Like Grownups

January 11, 2017

The latest data from the U.S. Census Bureau shows that just over 35 percent of people age 18 to 35 own a home, compared to nearly four in 10 who did six years ago. But in four American cities, the majority of Millennials are bucking that trend, according to a new study by financial firm SmartAsset. The cities where more than half of Millennials are homeowners are Elk Grove, Calif.; Gilbert, Ariz.; Frisco, Texas; and Port St. Lucie, Fla. That’s because Millennials who do buy homes are often looking for a combination of affordability and well-paid jobs among other lifestyle factors, says Cheryl Young, senior economist at Trulia.

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PB-Sales,PB-New Home Sales,PB-Economics