WealthAug 8, 2024
Where U.S. Millennials Are Buying the Most Homes
@visualcapitalist
What we’re showing
This graphic shows where millennials, born between 1981 and 1996, bought the most homes in the U.S.
Methodology
SmartAsset ranked the 10 largest U.S. metro areas based on the percentage of local millennials who successfully purchased a home in 2022.
Millennials are taking over
- Millennials are now the largest group of homebuyers, surpassing both Baby Boomers and Gen Z.
Dataset
| Rank | Metro Area | Main City | Percent of local Millennials who purchased a home in 2022 | Median income of homebuyer |
|---|---|---|---|---|
| 1 | Raleigh-Cary, NC | Raleigh | 6.5% | $123,000 |
| 2 | Nashville-Davidson-Murfreesboro-Franklin, TN | Nashville | 6.0% | $110,000 |
| 3 | Denver-Aurora-Lakewood, CO | Denver | 5.9% | $131,000 |
| 4 | Charlotte-Concord-Gastonia, NC-SC | Charlotte | 5.8% | $110,000 |
| 5 | Indianapolis-Carmel-Anderson, IN | Indianapolis | 5.6% | $92,000 |
| 6 | Phoenix-Mesa-Chandler, AZ | Phoenix | 5.4% | $104,000 |
| 7 | Jacksonville, FL | Jacksonville | 5.4% | $98,000 |
| 8 | Virginia Beach-Norfolk-Newport News, VA-NC | Virginia Beach | 5.2% | $90,000 |
| 9 | Cincinnati, OH-KY-IN | Cincinnati | 5.2% | $95,000 |
| 10 | Austin-Round Rock-Georgetown, TX | Austin | 5.1% | $144,000 |
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