Things like student debt, loan scarcity, and high costs of homeownership—whether its remodeling costs or unexpected repair costs—can make owning a home feel out of reach for many millennials. While critics accuse the millennial generation of ‘killing’ the housing market, there are plenty of cities across the country in which the opposite proves true.
Which cities have the highest rates of millennial homeownership? Using US Census Bureau data, we analyzed more than 170 cities nationwide with populations of 150,000 or more to find out.
Nationwide, millennials make up roughly 11 percent of homeowners in cities with populations over 150,000 – but in Clarksville, Tennessee, that average more than doubles to 23 percent, making it the city with the most millennial homeowners in the country. Grand Rapids follows closely with 19.5 percent and is trailed by Sioux Falls (18.2%), Minneapolis (16.7%), and Atlanta (16.4%) to complete the top five cities with the most millennial homeowners.