Top 25 Cities for the Millennial Homebuyer

Top Cities for Millennial Home Buyers

Millennials in Ohio are getting the most affordable mortgages, with Toledo, Akron, Lakewood and Dayton claiming four of the top 10 cities with the lowest average mortgage amounts for the age group, according to LendingTree. California, however, is on the opposite end of the spectrum, with four of the 10 cities with the highest average mortgage amounts: San Francisco, San Jose, Los Angeles and San Diego.

If you’re considering buying a new home — regardless of where you live or how old you are — it’s important to shore up your credit before applying for a mortgage. That’s because it’s going to play a major role in whether you can actually get a mortgage and what kind of rates you’ll end up paying. You can view two of your credit scores, updated every 14 days, for free on Credit.com. You’ll want to clean up your credit if necessary and make sure there aren’t any errors weighing down your scores. If you spot them, here’s how to address any errors that you may find.

Now, without further ado, here are the top 25 cities where millennials are buying homes.

25. Parkville, Maryland

Millennial Mortgage Requests: 41.6%

Average Mortgage by Millennials: $199,437

24. Fort Wayne, Indiana

Millennial Mortgage Requests: 41.8%

Average Mortgage by Millennials: $178,773

23. Akron, Ohio

Millennial Mortgage Requests: 41.9%

Average Mortgage by Millennials: $136,139

22. Lexington, Kentucky

Millennial Mortgage Requests: 42.0%

Average Mortgage by Millennials: $183,314

21. Salt Lake City

Millennial Mortgage Requests: 42.0%

Average Mortgage by Millennials: $254,393

20. Seattle

Millennial Mortgage Requests: 42.1%

Average Mortgage by Millennials: $364,463

19. Atlanta

Millennial Mortgage Requests: 42.1%

Average Mortgage by Millennials: $261,485

18. Nashville

Millennial Mortgage Requests: 42.4%

Average Mortgage by Millennials: $252,117

17. Philadelphia

Millennial Mortgage Requests: 42.4%

Average Mortgage by Millennials: $250,905

16. Buffalo, New York

Millennial Mortgage Requests: 42.6%

Average Mortgage by Millennials: $156,073

15. Columbus, Ohio

Millennial Mortgage Requests: 42.8%

Average Mortgage by Millennials: $189,231

14. Lakewood, Ohio

Millennial Mortgage Requests: 42.8%

Average Mortgage by Millennials: $209,023

13. Denver

Millennial Mortgage Requests: 43.0%

Average Mortgage by Millennials: $284,967

12. Grand Rapids, Michigan

Millennial Mortgage Requests: 43.3%

Average Mortgage by Millennials: $170,486

11. Wichita, Kansas

Millennial Mortgage Requests: 43.8%

Average Mortgage by Millennials: $170,462

10. Omaha, Nebraska

Millennial Mortgage Requests: 44.3%

Average Mortgage by Millennials: $192,215

9. San Francisco

Millennial Mortgage Requests: 44.3%

Average Mortgage by Millennials: $528,760

8. Chicago

Millennial Mortgage Requests: 44.4%

Average Mortgage by Millennials: $273,375

7. Cincinnati

Millennial Mortgage Requests: 44.6%

Average Mortgage by Millennials: $173,904

6. Minneapolis

Millennial Mortgage Requests: 44.7%

Average Mortgage by Millennials: $226,158

5. St. Louis, Missouri

Millennial Mortgage Requests: 44.8%

Average Mortgage by Millennials: $189,499

4. Boston

Millennial Mortgage Requests: 45.8%

Average Mortgage by Millennials: $410,504

3. Des Moines, Iowa

Millennial Mortgage Requests: 46.4%

Average Mortgage by Millennials: $173,439

2. Washington, D.C.

Millennial Mortgage Requests: 46.8%

Average Mortgage by Millennials: $381,109

1. Pittsburgh

Millennial Mortgage Requests: 48.4%

Average Mortgage by Millennials: $201,921