Top 10 U.S. Cities for Millennials Who Want to Buy a Home
Top 10 U.S. Cities for Millennials Who Want to Buy a Home
Are you a millennial looking to buy a home in 2018? Trulia recently released its latest housing report, which revealed 10 US housing markets it expects will grow next year while remaining affordable and attracting young buyers. To determine the top 10, Trulia evaluated the 100 largest US housing markets on five metrics: job growth, vacancy rates, starter-home affordability, online listing searches, and the share of people living there under age 35. Here are the top 10 U.S. cities for millennials who want to buy a home according to that list:
10. Cincinnati, Ohio
Job growth (year-over-year): 2.3%
Share of income needed to buy a home: 22.3%
Share of population under 35: 20.3%
9. Madison, Wisconsin
Job growth (year-over-year): 1.6%
Share of income needed to buy a home: 26.8%
Share of population under 35: 27.2%
8. Columbus, Ohio
Job growth (year-over-year): 2.4%
Share of income needed to buy a home: 24%
Share of population under 35: 22.5%
7. Austin, Texas
Job growth (year-over-year): 2.3%
Share of income needed to buy a home: 47.5%
Share of population under 35: 26.3%
6. Fort Worth, Texas
Job growth (year-over-year): 2.6%
Share of income needed to buy a home: 30%
Share of population under 35: 21.3%
5. San Antonio, Texas
Job growth (year-over-year): 2.2%
Share of income needed to buy a home: 28.3%
Share of population under 35: 19.7%
4. El Paso, Texas
Job growth (year-over-year): 2.7%
Share of income needed to buy a home: 32.6%
Share of population under 35: 21.7%
3. Raleigh, North Carolina
Job growth (year-over-year): 2.9%
Share of income needed to buy a home: 26.9%
Share of population under 35: 20.1%
2. Nashville, Tennessee
Job growth (year-over-year): 3.1%
Share of income needed to buy a home: 31.1%
Share of population under 35: 22.9%
1. Grand Rapids, Michigan
Job growth (year-over-year): 2.5%
Share of income needed to buy a home: 26.7%
Share of population under 35: 22%
Disappointed not to see Las Vegas on the top 10 U.S. cities for millennials who want to buy a home according to that list? Don’t despair. The Simply Property Management - Paielli Realty, Inc. Team can help you find the perfect home to buy in Las Vegas or an affordable rental in Las Vegas. We also provide Las Vegas property management services should you have a real estate investment you need looked after. Our team provides a wide array of specialized property services in Las Vegas to fit your real estate needs, and we keep it simple, not complex. Contact us today!
Greg Paielli
Simply Property Management – Paielli Realty, Inc.
www.lasvegaspropertymgmtservices.com
Search Our Listings!
Follow us on Facebook and Twitter!
We Make it Simple Not Complex
