Here’s Where All the Millennials Are Moving This Year
Tree-lined neighborhoods and enchanting Tudors abound.
Published Jan 11, 2020 12:05 AM
Right now, millennials are the ones ticking off one of life’s most noteworthy firsts: purchasing a home. Young people (specifically those between the ages of 23 and 38) make up a huge chunk of all buyers—but they aren’t putting down roots just anywhere.
According to a new report from online loan marketplace LendingTree that ranks the nation’s largest 50 cities, Minneapolis is the most popular choice for millennial home buyers (they accounted for 57 percent of mortgage purchase requests in this area). Here, owners-to-be are being smart and starting small, dropping an average of $31,000 on the down payment and asking for loans of $220,000.
Buffalo, New York, and San Jose, California, are the second and third most in-demand destinations for this generation. And while they might be particular about their Netflix shows, millennials apparently aren’t all that concerned about the weather: Miami and Tampa, Florida, as well as Las Vegas, ranked lowest on the list.
What Minneapolis lacks in 24-7 sunshine it makes up for in curb appeal. The low-key Midwestern metropolis is home to tree-lined neighborhoods dotted with refurbished Tudor and Colonial homes, as we’ve seen on local blogger and renovator Patti Wagner‘s Instagram feed. Once residents have landed on their dream house, they can stock up on home goods at nearby boutique Foundry and wallpaper at By She She. Growing up never looked so good.
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