According to Realtor.com, Millennials will look to the Midwest. While the financial picture may look grim for youngest home buyers, the Midwest, with its affordable cities, still looks good. Realtor.com believes Midwestern cities will continue to beat the national average in terms of its proportion of millennial home buyers in 2017. Leading the pack are Madison, WI; Columbus, OH; Omaha, NE; Des Moines, IA; and Minneapolis.
“It’s easier for millennials to buy in more affordable markets like in the Midwest,” says Chief Economist, Jonathan Smoke. “We’re also seeing large numbers of millennials buying in Midwestern markets with or near big universities. So part of this is an effect of recent graduates with good jobs being able to settle down in these more affordable markets.”