12 hottest housing markets for millennial homebuyers

For millennials, the home buying process comes laden with challenges.

However, the generation stepped into the prime ages for buying and started families of their own — the main impetus for seeking a house.

"While millennials are often stereotyped as adolescents, the reality is that this generation is well into adulthood — with most between their early 20s and mid-30s," Tendayi Kapfidze, chief economist at LendingTree, said in a press release. "This means that many of them are actively pursuing careers, having children and buying homes."

With home prices continuing to climb, this demographic of buyers flock to markets offering affordability. From Ohio to Utah, here's a look at the 12 housing markets with the highest percentage of millennial purchasers.

LendingTree derived the data by analyzing mortgage requests and offers for borrowers between Jan. 1, 2018 and Nov. 25, 2018. The cities are ranked by the percentage of total purchase mortgage requests received by LendingTree from borrowers in the millennial generation.

NMN121918-salt-lake-city.jpeg
Salt Lake City, Utah
Percentage of millennial purchase requests: 51%
Average homebuyer age: 28
Average millennial requested loan amount: $234,391
Average millennial down payment: $32,859
NMN121918-pittsburgh.jpeg
Pittsburgh, Pa.
Percentage of millennial purchase requests: 48%
Average homebuyer age: 28.4
Average millennial requested loan amount: $128,316
Average millennial down payment: $19,162
NMN121918-minneapolis.jpg
Minneapolis, Minn.
Percentage of millennial purchase requests: 48%
Average homebuyer age: 28.5
Average millennial requested loan amount: $200,930
Average millennial down payment: $29,111
NMN121918-buffalo.jpeg
Buffalo, N.Y.
Percentage of millennial purchase requests: 46%
Average homebuyer age: 28.4
Average millennial requested loan amount: $126,907
Average millennial down payment: $19,206
NMN121918-kansas-city.jpeg
Kansas City, Mo.
Percentage of millennial purchase requests: 45%
Average homebuyer age: 28.5
Average millennial requested loan amount: $153,194
Average millennial down payment: $20,515
NMN121918-st-louis.jpeg
St. Louis, Mo.
Percentage of millennial purchase requests: 45%
Average homebuyer age: 28.5
Average millennial requested loan amount: $137,722
Average millennial down payment: $18,309
NMN121918-denver.jpg
Denver, Colo.
Percentage of millennial purchase requests: 45%
Average homebuyer age: 28.9
Average millennial requested loan amount: $293,848
Average millennial down payment: $47,728
NMN121918-rochester.jpeg
Rochester, N.Y.
Percentage of millennial purchase requests: 44%
Average homebuyer age: 28.4
Average millennial requested loan amount: $116,321
Average millennial down payment: $18,531
NMN121918-columbus.jpg
Columbus, Ohio
Percentage of millennial purchase requests: 44%
Average homebuyer age: 28.4
Average millennial requested loan amount: $150,508
Average millennial down payment: $21,651
NMN121918-seattle.jpg
Seattle, Wash.
Percentage of millennial purchase requests: 43%
Average homebuyer age: 29
Average millennial requested loan amount: $330,438
Average millennial down payment: $60,100
NMN121918-san-jose.jpg
San Jose, Calif.
Percentage of millennial purchase requests: 43%
Average homebuyer age: 29.6
Average millennial requested loan amount: $587,358
Average millennial down payment: $143,207
NMN121918-cleveland.jpg
Cleveland, Ohio
Percentage of millennial purchase requests: 43%
Average homebuyer age: 28.4
Average millennial requested loan amount: $123,806
Average millennial down payment: $17,600
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