Millennials are expected to drive the US housing market in 2020.
But where exactly are they looking to put down their roots? Look no further for an answer than LendingTree’s most recent report, which ranked the most popular cities for millennial homebuyers.
It analyzed 2019 LendingTree data on mortgage requests and offers for borrowers aged 23 to 38 across the 50 largest US metro areas, as well as requests from the total population of mortgage seekers.
It then ranked the cities based on the percentage of total homebuying requests LendingTree received from millennial borrowers. Note that this indicates millennials who inquired about a mortgage loan; not all of these millennials actually purchased a home.
Of the top 10 most popular cities, most are located in the north and midwest, with one in the south and a few out west.
Below, see the top 30 most popular cities where at least half of those looking to buy homes are millennials.
