Forget New York — millennials are better off in these 30 US cities, where they're paid well and can afford to buy a home

Sean Pavone/ShutterstockCharlotte, North Carolina, is No. 22.
  • Millennials are eschewing settling down in big cities and are turning to suburbs instead.
  • Realtor.com recently complied a list of the hottest zip codes in 2019 – places where residents, especially millennials, are paid well and where the housing is affordable.
  • Featured zip codes include smaller locales like Goffstown, New Hampshire, and Livonia, Michigan, along with popular hotspots like Charlotte, North Carolina, and Austin, Texas.
  • Grand Rapids, Michigan, tops the list.
  • Visit Business Insider’s homepage for more stories.

As millennials age and prepare to become homeowners, they tend to settle down in suburbs rather than big cities.

Realtor.com recently complied a list of the hottest zip codes in 2019 – places where residents, especially millennials, are paid well and where the housing is affordable.

To determine the best markets, Realtor.com looked at homes in over 16,000 zip codes that sell in an average of 20 days and have three times more views online than the average Realtor.com listing. Additionally, they narrowed the list down to places where residents are employed at higher rates and earn more money than the national median, and where millennials in particular make up a sizable share of the homeowner population.

Keep reading for a look at the 30 hottest zip codes for house-hunting millennials. Note that figures for median listing prices, percentages of new mortgages held by millennials, and millennial median household income in 2019 in all areas have been provided by Realtor.com.


30. Milwaukee, Wisconsin (53220)

Courtesy of Airbnb

Median listing price: $US169,900

Percentage of new mortgages purchased by millennials:48%

2019 millennial median household income: $US62,911


29. Highland, Indiana (46322)

Median listing price: $US189,900

Percentage of new mortgages purchased by millennials:36%

2019 millennial median household income: $US70,594


28. Midland, Texas (79707)

Joe Raedle/Shutterstock

Median listing price: $US420,000

Percentage of new mortgages purchased by millennials:48%

2019 millennial median household income: $US74,633


27. Austin, Texas (78750)

f11photo/Shutterstock

Median listing price: $US452,000

Percentage of new mortgages purchased by millennials:44%

2019 millennial median household income: $US83,052


26. Buffalo, New York (14227)

Median listing price: $US154,900

Percentage of new mortgages purchased by millennials:43%

2019 millennial median household income: $US67,431


25. Louisville, Kentucky (40242)

Sean Pavone/Shutterstock

Median listing price: $US260,000

Percentage of new mortgages purchased by millennials:38%

2019 millennial median household income: $US63,040


24. Wichita, Kansas (67212)

DenisTangneyJr / Getty Images

Median listing price: $US165,450

Percentage of new mortgages purchased by millennials:38%

2019 millennial median household income: $US56,462


23. Minneapolis, Minnesota (55428)

Rudy Balasko/Shutterstock

Median listing price: $US244,500

Percentage of new mortgages purchased by millennials:45%

2019 millennial median household income: $US61,262


22. Charlotte, North Carolina (28212)

Sean Pavone/Shutterstock

Median listing price: $US188,250

Percentage of new mortgages purchased by millennials:40%

2019 millennial median household income: $US35,551


21. Montclair, New Jersey (07043)

Median listing price: $US749,500

Percentage of new mortgages purchased by millennials:30%

2019 millennial median household income:$US156,250


20. Tracy, California (95376)

Median listing price: $US455,000

Percentage of new mortgages purchased by millennials:26%

2019 millennial median household income: $US73,930


19. Leominster, Massachusetts (01453)

6SN7/Flickr

Median listing price: $US279,890

Percentage of new mortgages purchased by millennials:39%

2019 millennial median household income: $US61,677


18. Memphis, Tennessee (38134)

Median listing price: $US149,900

Percentage of new mortgages purchased by millennials:32%

2019 millennial median household income: $US42,064


17. Folsom, California (95630)

Eric Fredericks/Flickr

Median listing price: $US599,000

Percentage of new mortgages purchased by millennials:32%

2019 millennial median household income:$US113,061


16. Castro Valley, California (94546)

Median listing price: $US818,940

Millennial home ownership rate: 35%

2018 millennial median household income: $US95,130


15. Columbus, Ohio (43230)

Checubus/Shutterstock

Median listing price: $US224,900

Percentage of new mortgages purchased by millennials:39%

2019 millennial median household income: $US80,915


14. Mansfield, Massachusetts (02048)

Median listing price: $US429,900

Percentage of new mortgages purchased by millennials:33%

2019 millennial median household income:$US113,247


13. Spokane, Washington (99205)

Shutterstock

Median listing price: $US209,900

Percentage of new mortgages purchased by millennials:33%

2019 millennial median household income: $US57,579


12. Fairless Hills, Pennsylvania (19030)

Elizabeth Joseph/Flickr

Median listing price: $US280,000

Percentage of new mortgages purchased by millennials: 32%

2019 millennial median household income: $US71,591


11. Fort Wayne, Indiana (46804)

Katherine Welles/Shutterstock

Median listing price: $US199,900

Percentage of new mortgages purchased by millennials: 38%

2019 millennial median household income: $US65,228


10. Colorado Springs, Colorado (80916)

Median listing price: $US245,050

Percentage of new mortgages purchased by millennials: 34%

2019 millennial median household income: $US47,819


9. Goffstown, New Hampshire (03045)

Doug Kerr/Flickr

Median listing price: $US325,050

Percentage of new mortgages purchased by millennials: 43%

2018 millennial median household income:$US105,449


8. Arlington, Texas (76018)

Shutterstock

Median listing price: $US215,050

Percentage of new mortgages purchased by millennials: 34%

2019 millennial median household income: $US64,023


7. Melrose, Massachusetts (02176)

Shutterstock

Median listing price: $US629,050

Percentage of new mortgages purchased by millennials: 43%

2019 millennial median household income: $US98,803


6. Livonia, Michigan (48154)

Reuters

Median listing price: $US254,950

Percentage of new mortgages purchased by millennials: 36%

2019 millennial median household income: $US96,855


5. Rochester, New York (14609)

MoveHub

Median listing price: $US125,050

Percentage of new mortgages purchased by millennials: 43%

2019 millennial median household income: $US44,438


4. Shawnee, Kansas (66203)

Median listing price: $US220,050

Percentage of new mortgages purchased by millennials: 43%

2019 millennial median household income: $US61,582


3. Boise, Idaho (83704)

Paul W Thompson/Shutterstock

Median listing price: $US289,950

Percentage of new mortgages purchased by millennials: 28%

2019 millennial median household income: $US50,581


2. Omaha, Nebraska (68144)

Shutterstock

Median listing price: $US238,950

Percentage of new mortgages purchased by millennials: 43%

2019 millennial median household income: $US73,902


1. Grand Rapids, Michigan (49505)

Suzanne Tucker/Shutterstock

Median listing price: $US178,050

Percentage of new mortgages purchased by millennials: 48%

2019 millennial median household income: $US58,667

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