As the oldest millennials are entering their mid-30’s they find themselves front & center in the U.S. housing market due to being the largest living generation of adults in America, today. But, are they finally moving from being predominate renters to homeowners? A recent study from apartment rental site ABODO looks at their buying patterns to see where they’re actually buying homes and where they’re not, as well as other interesting factors & data about this shape-shifting generation. Either way, we’re pretty sure this won’t be the last post on the matter.
Some takeaways:
- Nationally, 32.1% of Millennials are homeowners
- Minneapolis (42.4%), Detroit (40.2%) and St. Louis (40.2%) have the most Millennial homeowners (large cities)
- Los Angeles (17.8%), San Diego (19.8%) and New York (19.8%) have the least Millennial homeowners(large cities)
- Ogden, UT (51%), York, PA (48.9%) and Reading, PA (48.4%) are home to the largest percentage of Millennial homeowners (all cities)
Click here to read the full report on ABODO.com.
