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Housing affordability among Millennials in the U.S. 2015, by city

Housing affordability index among Millennials in the United States as of June 2015, by city

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Release date

June 2015


United States

Survey time period

June 2015

Supplementary notes

*The source adds the following information: "Fifty largest U.S. cities are ranked based on the monetary gap between the median earnings of millennials and the minimum earnings required to purchase a single family home for the given region. Home values, sourced from Zillow, are based on January to April 2015 monthly median values for detached single family homes within a given region. Millennials' earnings estimations are based on 2013 median earnings for workers ages 18 to 34 years old from the Census Bureau, assuming an escalation of 2 percent per year. The mortgage payment calculation assumed a standard 20 percent down payment and state-based monthly average of 30-year fixed rates in 2015, or jumbo rates if the home value was higher than 417,000 U.S. dollars. Minimum salary required was the inferred amount, assuming one-third of the pre-tax income goes to mortgage payment."

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Statistics on "Millennial homeownership in the United States"

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