Top Metros for Millennial Buyers

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Published by Travis Marshall on

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Millennials continue to make up the largest segment of home buyers in U.S. real estate. In which metros are they most active?

LendingTree recently analyzed mortgage offers given to millennial applicants across the nation’s 50 largest metros in 2021.

Millennial home buyers are most dominant in Denver, Seattle, and Boston, researchers found. In Denver, they comprise 63.63% of mortgages, followed by Seattle (61.35%) and Boston (61.08%).

Find out the millennial hot spots for homebuying.

Full ranking: Most popular metros for millennials

Rank	Metro	Share of mortgages offered to millennials	Average millennial age	Average credit score among millennials	Average down payment amount among millennials
1	Denver, CO	63.63%	32.09	723	$53,750
2	Seattle, WA	61.35%	32.87	725	$85,677
3	Boston, MA	61.08%	32.73	728	$59,599
4	Austin, TX	60.46%	32.76	726	$51,349
5	Pittsburgh, PA	59.34%	32.29	720	$30,819
6	Salt Lake City, UT	58.80%	31.72	729	$57,120
7	San Jose, CA	58.08%	33.42	734	$120,847
8	Milwaukee, WI	56.99%	32.06	712	$34,278
9	Indianapolis, IN	56.87%	31.68	710	$34,796
10	Raleigh, NC	56.60%	32.24	720	$44,943
11	Columbus, OH	56.58%	32.6	718	$36,144
12	St. Louis, MO	56.30%	32.24	709	$30,279
13	Chicago, IL	56.14%	32.6	722	$40,784
14	Oklahoma City, OK	56.08%	32.16	709	$30,805
15	Minneapolis, MN	56.01%	32.38	725	$47,002
16	Philadelphia, PA	55.91%	32.61	718	$40,360
17	Providence, RI	55.69%	32.42	719	$33,312
18	Nashville, TN	55.64%	32.2	711	$44,417
19	San Diego, CA	55.44%	32.85	731	$80,048
20	Charlotte, NC	55.28%	32.17	725	$43,811
21	Dallas, TX	54.79%	32.45	713	$40,925
22	Baltimore, MD	54.56%	32.54	728	$39,792
23	Detroit, MI	54.32%	32.16	713	$31,142
24	Portland, OR	54.28%	32.74	719	$51,939
25	Richmond, VA	54.20%	32.47	717	$39,151
26	Hartford, CT	54.16%	32.64	717	$33,659
27	Washington, DC	53.98%	32.92	725	$59,873
28	Cleveland, OH	53.74%	32.53	718	$42,252
29	Kansas City, MO	53.44%	32.13	714	$33,374
30	Birmingham, AL	53.26%	31.97	702	$31,773
31	New Orleans, LA	53.17%	32.82	714	$31,966
32	Cincinnati, OH	53.13%	32.23	708	$37,088
33	San Francisco, CA	53.12%	33.61	735	$108,165
34	Houston, TX	52.87%	32.61	713	$44,149
35	Los Angeles, CA	52.72%	33.1	727	$84,301
36	Sacramento, CA	52.52%	32.89	720	$50,341
37	Louisville, KY	52.18%	32.16	705	$31,674
38	Virginia Beach, VA	52.08%	32.51	704	$33,983
39	San Antonio, TX	51.79%	32.43	709	$31,694
40	Orlando, FL	51.67%	32.43	718	$36,137
41	Phoenix, AZ	51.05%	31.97	716	$51,344
42	Atlanta, GA	50.75%	32.31	714	$41,093
43	New York, NY	50.48%	33.5	729	$60,252
44	Memphis, TN	50.15%	32.59	700	$30,569
45	Las Vegas, NV	49.25%	32.48	712	$40,118
46	Buffalo, NY	48.89%	32.58	713	$34,406
47	Riverside, CA	48.19%	32.48	711	$47,143
48	Tampa, FL	46.88%	32.5	712	$38,754
49	Jacksonville, FL	46.74%	32.64	712	$34,475
50	Miami, FL	46.01%	32.95	718	$49,303

Source: LendingTree user data.

Travis Marshall

REB365

Broker. Founder. Realtor.
877-784-1777
www.REB365.com

Florida Flood of COVID-19 Foreclosures Didn’t Happen

Tampa Bay housing inventory plummets by 47 percent, the ‘lowest ever observed,’ says Zillow

Florida Flood of COVID-19 Foreclosures Didn’t Happen

Tampa Bay housing inventory plummets by 47 percent, the ‘lowest ever observed,’ says Zillow

Travis Marshall

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