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The Hottest US metro Regions for Gen Z Walkers, Rated

  • The initial wave of Gen Z homebuyers is here, and they have taken a keen interest from the Midwest.
  • A new study released by Realtor.com found the median cost of a house purchased by Gen Zers is $160,600, that can be lower compared to $256,500 median cost among millennial homebuyers.
  • The analysis also found that, normally, Gen Z is currently placing around 5 percent back on their houses, and they buy homes with list prices which are 25percent under the national average.
  • Visit Business Insider’s homepage for more stories.

The first wave of Gen Z Realtors is here, and they are already proving to be substantially different from their millennial counterparts. One of the huge differences between both generations: their tastes in home markets, a new Realtor.com study finds.

For Gen Z, the very best home markets are located more in the Midwest and the South. By comparison, the top housing markets for millennials are San Francisco-Oakland-Hayward, CA, Boston-Cambridge-Newton, MA-NH, and Denver-Aurora-Lakewood, CO.. Realtor.com notes the famously expensive housing markets in those regions have likely closed out Gen Z buyers — for today.

The study also found that Gen Z dwelling buying electricity has caught up to the Silent Generation (those born earlier 1946) — both teams maintain percentage shares averaging approximately 2 percent of the homebuying market. The median price of houses bought by Gen Zers is $160,000, which can be lower compared to the $256,500 typical for millenials. Additionally, Realtor.com discovered that Gen Z is currently placing around 5 percent back on their houses and are buying properties with list costs which can be 25% less compared to the national average.

Here are the best 10 Gen Z home markets, ranked in increasing order of Gen Z homebuyer percentages.

COPYRIGHT_BP: Published on https://bingepost.com/the-most-popular-us-metro-areas-for-gen-z-homebuyers-ranked/14411/ by - on 2020-01-30T21:22:06.000Z

All supply resident age data was sourced from Data USA.

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