Cities with the biggest number of millennial homeowners in the US
When millennials start the home buying process, some cities are proving more attractive than others. Millennials tend to choose cities that already have a high share of millennial residents. Also, they have favorable economic conditions. Here’s a list of cities with the biggest number of millennial homeowners in the US.
The first on this list of cities with the biggest number of millennial homeowners in the US is Minneapolis. Its strong economy, affordable housing, and a combination of urban characteristics attract millennials. As a hub for entrepreneurs, Minneapolis draws young professionals looking to build the next great startup. Also, career opportunities are on the rise in many areas. The unemployment rate in this city is three percent. So, chasing a job opportunity here is a safe bet.
A vital draw for millennials is also the relatively low median price of homes. Just make sure you know how to buy a perfect home for you. Also, there is a wide range of activities here. The parks and lakes make people go outside. There are endless options for those who like to enjoy and have fun. They can run, hike, cycling, and other outdoor sports. Then, museums, brewpubs, markets, and historical sites make a combination of activities that will keep anyone busy.
Buffalo, New York – One of the cities with the biggest number of millennial homeowners in the US
Buffalo is popular to millennials who are looking for an affordable, urban area to buy home. It offers all the benefits of a big city without having to pay full price. Unemployment is higher than the national average here. However, professional opportunities in financial services, education, and healthcare abound.
The city felt a recent transformation that lures millennials. A redeveloped waterfront includes three distinct locations, containing a combination of bars, restaurants, water activities, and green spaces. Also, from here, you can take the 20-mile trip out to Niagara Falls. That is great, right?
San Jose, California
San Jose is the world’s most famous technology hub. It has companies like Google and Apple close. So, no wonder millennials are drawn to this city by the tens of thousands. Homes here drive up the median home price. Yet, many options remain available that join lofty salaries of blooming Silicon Valley tech professionals. It’s good to use a guide to buying your first dream home here. Also, you can’t beat the weather in San Jose. That will be the definition of ideal.
San Jose is a melting pot of cultures. So, it offers a vibrant restaurant scene and many multicultural events. Also, there’s a growing neighborhood of craft beer breweries. With many museums and cultural attractions, there’s always something to do.
Denver, Colorado – Cities with the biggest number of millennial homeowners in the US
Denver is a pretty affordable city with a lot of potentials. New businesses are improving, and old ones are growing. So, there are many opportunities for entrepreneurs that are hard to find elsewhere. The unemployment rate is 2.6 percent, which is a historic low. Also, Denver has a lot to offer active millennials. Whole areas of town are renovated to cater to young residents with pubs, microbreweries, and hip restaurants.