Leading metros for Millennial house buyers in the United States in 2020

In 2020, San Jose, CA, was the hottest market for Millennial home buyers in the United States. Millennials in San Jose were responsible for nearly 62 percent of the house purchase requests. Denver, CO, and Minneapolis, MN, completed the top three with approximately 59 percent of purchase requests.

Which are the states with the youngest population in the U.S.?

It should come as no surprise that the demographic composition plays a central role in the development of the housing market in different states. In 2019, the median age in the United States was 38.5 years, but some states, such as Alaska, District of Columbia, and Utah had much younger population. In contrast, Maine, Puerto Rico, and Hampshire had the highest median age of population.

Millennials’ attitudes towards homeownership

While many Millennials have given up on homeownership, one in three people share that they are in the process of saving for a home purchase. These results suggest that young Americans have not entirely given up on the American dream of owning a home of their own.