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Where Millennials are and are not buying. More and more millennials are buying instead of renting. Just over 50 percent. I guess that tells you who has the money in most cases.
Now the figures below include the metropolitan areas of the cities listed.
According to the findings, cities with some of the highest shares of millennial households that own instead of rent in 2022 include:
- Midland, Texas: 82%
- Provo, Utah: 76%
- Palm Bay, Florida: 75%
- Youngstown, Ohio: 74%
- Des Moines, Iowa: 73%
- Boise City, Idaho: 72%
- Portland, Maine: 72%
- North Port, Florida: 71%
- Columbia, South Carolina: 69%
- Greenville, South Carolina: 67%
And here are some of the cities with the smallest share of millennial households that own:
- Salinas, California: 19%
- San Jose, California: 23%
- Asheville, North Carolina: 25%
- Chattanooga, Tennessee: 28%
- Los Angeles, California: 31%
- Sacramento, California: 32%
- San Diego, California: 32%
- Durham, North Carolina: 33%
- Urban Honolulu, Hawaii: 34%
- New York, New York: 34%
- 2023 numbers haven’t been released.
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