According to a recent survey conducted by the National Association of REALTORS® and as explained by Lawrence Yun, NAR’s chief economist, “An overwhelming majority of young renters recently said they eventually want to buy a home.”
But for young professionals looking to live close to a major metro, for the higher number of potential job opportunities and decreased commute times, finding the sweet spot of an appealing neighborhood at an affordable price can be a challenge. In fact, a study earlier this year found that many are heading out to the suburbs due to lack of affordable housing within city limits.
As somewhat of a middle ground, REALTOR Magazine Online recently shared a list of the 10 best housing markets for millennials:
- Austin, Texas
- Charleston, South Carolina
- Minneapolis, Minnesota
- Ogden, Utah
- Portland, Oregon
- Raleigh, North Carolina
- Salt Lake City
- Washington, D.C.
According to the article, these are “metro areas with solid job growth and that offer a smoother path to home ownership.” Read more and see a handful of secondary markets here.
Are there any you would add to the list for the millennials you’re working with? Tell us in the comments below!