Millennials are no longer just the future of housing demand, but also the largest growth segment today. While Millennials aged 25 to 34 make up just 13.6 percent of the U.S. population, they accounted for 36 percent of all buyers in the latest 12-months according to the National Association of Realtors® (NAR).
Where Millennials buy and live will change those respective markets. So where are Millennials gravitating to today? To answer this, LendingTree examined the largest 100 markets in the U.S. They focused on mortgage requests and borrowers aged 35 and down from February 1, 2017 to February 1, 2018.
The following table shows the top-10 markets based on the percentage of loan requests from people aged 35 and younger. Note that none of the largest cities in the U.S. are included in this group.
As always, for every winner there is a loser. The 100 largest markets in the U.S. with the lowest percentage of Millennial loan applicants are listed below.
To read the entire study from LendingTree including a complete ranking of the 100 largest cities click https://www.lendingtree.com/home/most-popular-cities-millennial-homebuyers/
Millennials are here today and already make up the largest demographic segment of homebuyers. Focus on where they go to see the future growth or real estate markets across the U.S.