For young Millennials and homebuying Generation Z-ers aged 20 to 29 years, these 10 markets are the most popular in the nation. Only one metro per state was included in the study.
Jason Dorsey, president of the Austin, TX–based research group focused on Millennials and Gen Z, The Center for Generational Kinetics, tells Realtor.com, “Cost is still the driving factor" of where these Americans want to settle down, says Dorsey. "They need to be in a place where they think there are enough job opportunities and job security for them to make the commitment to buy a home."
The biggest years for millennial births were between 1989 and 1993, and over the next five years those folks will all be hitting their 30s—the core first-time home-buying years. This group will help determine where the next "hot" markets are and what the most desirable homes of the future will be. Their tastes and preferences will shape the housing market for years to come.
Advertisement
Related Stories
Market Data + Trends
Vacation and Investment Home Market Insights
A recent report finds beach homes to be the most sought-after vacation-home type and that the investment potential of a second home is an important factor in the purchasing decision
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
Affordability
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable
