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Top Cities for Millennial Home Buyers
Millennials in Ohio are getting the most affordable mortgages, with Toledo, Akron, Lakewood and Dayton claiming four of the top 10 cities with the lowest average mortgage amounts for the age group, according to LendingTree. California, however, is on the opposite end of the spectrum, with four of the 10 cities with the highest average mortgage amounts: San Francisco, San Jose, Los Angeles and San Diego.
If you’re considering buying a new home — regardless of where you live or how old you are — it’s important to shore up your credit before applying for a mortgage. That’s because it’s going to play a major role in whether you can actually get a mortgage and what kind of rates you’ll end up paying. You can view two of your credit scores, updated every 14 days, for free on Credit.com. You’ll want to clean up your credit if necessary and make sure there aren’t any errors weighing down your scores. If you spot them, here’s how to address any errors that you may find.
Now, without further ado, here are the top 25 cities where millennials are buying homes.
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James_Lane
25. Parkville, Maryland
Millennial Mortgage Requests: 41.6%
Average Mortgage by Millennials: $199,437
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DenisTangneyJr
24. Fort Wayne, Indiana
Millennial Mortgage Requests: 41.8%
Average Mortgage by Millennials: $178,773
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benkrut
23. Akron, Ohio
Millennial Mortgage Requests: 41.9%
Average Mortgage by Millennials: $136,139
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Davel5957
22. Lexington, Kentucky
Millennial Mortgage Requests: 42.0%
Average Mortgage by Millennials: $183,314
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Joe_Guetzloff
21. Salt Lake City
Millennial Mortgage Requests: 42.0%
Average Mortgage by Millennials: $254,393
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Joecho-16
20. Seattle
Millennial Mortgage Requests: 42.1%
Average Mortgage by Millennials: $364,463
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SeanPavonePhoto
19. Atlanta
Millennial Mortgage Requests: 42.1%
Average Mortgage by Millennials: $261,485
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SeanPavonePhoto
18. Nashville
Millennial Mortgage Requests: 42.4%
Average Mortgage by Millennials: $252,117
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dszc
17. Philadelphia
Millennial Mortgage Requests: 42.4%
Average Mortgage by Millennials: $250,905
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DenisTangneyJr
16. Buffalo, New York
Millennial Mortgage Requests: 42.6%
Average Mortgage by Millennials: $156,073
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aceshot
15. Columbus, Ohio
Millennial Mortgage Requests: 42.8%
Average Mortgage by Millennials: $189,231
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drnadig
14. Lakewood, Ohio
Millennial Mortgage Requests: 42.8%
Average Mortgage by Millennials: $209,023
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twilightproductions
13. Denver
Millennial Mortgage Requests: 43.0%
Average Mortgage by Millennials: $284,967
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Lumigraphics
12. Grand Rapids, Michigan
Millennial Mortgage Requests: 43.3%
Average Mortgage by Millennials: $170,486
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Davel5957
11. Wichita, Kansas
Millennial Mortgage Requests: 43.8%
Average Mortgage by Millennials: $170,462
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f1monaco31
10. Omaha, Nebraska
Millennial Mortgage Requests: 44.3%
Average Mortgage by Millennials: $192,215
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Jorge Villalba
9. San Francisco
Millennial Mortgage Requests: 44.3%
Average Mortgage by Millennials: $528,760
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Pgiam
8. Chicago
Millennial Mortgage Requests: 44.4%
Average Mortgage by Millennials: $273,375
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AndreyKrav
7. Cincinnati
Millennial Mortgage Requests: 44.6%
Average Mortgage by Millennials: $173,904
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Davel5957
6. Minneapolis
Millennial Mortgage Requests: 44.7%
Average Mortgage by Millennials: $226,158
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DenisTangneyJr
5. St. Louis, Missouri
Millennial Mortgage Requests: 44.8%
Average Mortgage by Millennials: $189,499
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SeanPavonePhoto
4. Boston
Millennial Mortgage Requests: 45.8%
Average Mortgage by Millennials: $410,504
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gnagel
3. Des Moines, Iowa
Millennial Mortgage Requests: 46.4%
Average Mortgage by Millennials: $173,439
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DavidByronKeener
2. Washington, D.C.
Millennial Mortgage Requests: 46.8%
Average Mortgage by Millennials: $381,109
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SeanPavonePhoto
1. Pittsburgh
Millennial Mortgage Requests: 48.4%
Average Mortgage by Millennials: $201,921
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