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The top 30 US cities where millennials are looking at buying homes right now
bi select buying a home features homebuying housing affordability millennialsMillennials are expected to be a driving force behind the US housing market in 2020. A recent LendingTree report looked at the most popular cities where millennials are looking to buy 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. Visit Business Insider's homepage for more stories.
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.SEE ALSO: 20 of the best places in the US to save up and buy your first home DON'T MISS: We did the math to calculate how much money you need to save monthly to buy a home by 35 30. Portland, Oregon: 50.1% of homebuying requests were made by millennials.
Average down payment: $44,110 Average requested loan amount: $282,779 29. Louisville, Kentucky: 50.5% of homebuying requests were made by millennials.
Average down payment: $20,955 Average requested loan amount: $156,768 28. Oklahoma City, Oklahoma: 50.6% of homebuying requests were made by millennials.
Average down payment: $21,067 Average requested loan amount: $158,874 T27. Dallas, Texas: 51.1% of homebuying requests were made by millennials.
Average down payment: $31,102 Average requested loan amount: $217,331 T27. Nashville, Tennessee: 51.1% of homebuying requests were made by millennials.
Average down payment: $33,358 Average requested loan amount: $226,921 T25. Columbus, Ohio: 51.2% of homebuying requests were made by millennials.
Average down payment: $25,556 Average requested loan amount: $172,571 T25. Richmond, Virginia: 51.2% of homebuying requests were made by millennials.
Average down payment: $27,663 Average requested loan amount: $207,891 T23. Houston, Texas: 51.5% of homebuying requests were made by millennials.
Average down payment: $30,399 Average requested loan amount: $207,343 T23. Indianapolis, Indiana: 51.5% of homebuying requests were made by millennials.
Average down payment: $22,422 Average requested loan amount: $163,752 21. New York, New York: 51.8% of homebuying requests were made by millennials.
Average down payment: $69,490 Average requested loan amount: $353,801 20. Washington DC: 20.8% of homebuying requests were made by millennials.
Average down payment: $51,192 Average requested loan amount: $336,290 19. San Francisco, California: 52.1% of homebuying requests were made by millennials.
Average down payment: $139,071 Average requested loan amount: $613,407 T18. Seattle, Washington: 52.6% of homebuying requests were made by millennials.
Average down payment: $63,723 Average requested loan amount: $374,810 T18. Hartford, Connecticut: 52.6% of homebuying requests were made by millennials.
Average down payment: $28,002 Average requested loan amount: $189,284 T18. Cincinnati, Ohio: 52.6% of homebuying requests were made by millennials.
Average down payment: $21,979 Average requested loan amount: $155,775 15. Boston, Massachusetts: 52.7% of homebuying requests were made by millennials.
Average down payment: $62,335 Average requested loan amount: $349,871 14. Kansas City, Missouri: 52.8% of homebuying requests were made by millennials.
Average down payment: $30,514 Average requested loan amount: $167,005 13. Chicago, Illinois: 52.9% of homebuying requests were made by millennials.
Average down payment: $33,612 Average requested loan amount: $213,433 12. Cleveland, Ohio: 53% of homebuying requests were made by millennials.
Average down payment: $19,769 Average requested loan amount: $137,775 11. Philadelphia, Pennsylvania: 53.5% of homebuying requests were made by millennials.
Average down payment: $32,124 Average requested loan amount: $200,803 10. Detroit, Michigan: 53.7% of homebuying requests were made by millennials.
Average down payment: $23,846 Average requested loan amount: $156,582 T9. St. Louis, Missouri: 53.8% of homebuying requests were made by millennials.
Average down payment: $20,507 Average requested loan amount: $152,258 T9. Austin, Texas: 53.8% of homebuying requests were made by millennials.
Average down payment: $40,571 Average requested loan amount: $252,590 7. Milwaukee, Wisconsin: 54.3% of homebuying requests were made by millennials.
Average down payment: $25,700 Average requested loan amount: $177,412 6. Pittsburgh, Pennsylvania: 54.5% of homebuying requests were made by millennials.
Average down payment: $21,663 Average requested loan amount: $144,414 5. Salt Lake City, Utah: 54.9% of homebuying requests were made by millennials.
Average down payment: $39,071 Average requested loan amount: $264,275 4. Denver, Colorado: 55.3% of homebuying requests were made by millennials.
Average down payment: $49,361 Average requested loan amount: $316,524 3. San Jose, California: 55.8% of homebuying requests were made by millennials.
Average down payment: $148,098 Average requested loan amount: $637,201 2. Buffalo, New York: 56.1% of homebuying requests were made by millennials.
Average down payment: $20,777 Average requested loan amount: $137,739 1. Minneapolis, Minnesota: 56.2% of homebuying requests were made by millennials.
Average down payment: $31,812 Average requested loan amount: $219,590
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