- 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)
Median listing price: $169,900
Percentage of new mortgages purchased by millennials: 48%
2019 millennial median household income: $62,911
29. Highland, Indiana (46322)
Median listing price: $189,900
Percentage of new mortgages purchased by millennials: 36%
2019 millennial median household income: $70,594
28. Midland, Texas (79707)
Median listing price: $420,000
Percentage of new mortgages purchased by millennials: 48%
2019 millennial median household income: $74,633
27. Austin, Texas (78750)
Median listing price: $452,000
Percentage of new mortgages purchased by millennials: 44%
2019 millennial median household income: $83,052
26. Buffalo, New York (14227)
Median listing price: $154,900
Percentage of new mortgages purchased by millennials: 43%
2019 millennial median household income: $67,431
25. Louisville, Kentucky (40242)
Median listing price: $260,000
Percentage of new mortgages purchased by millennials: 38%
2019 millennial median household income: $63,040
24. Wichita, Kansas (67212)
Median listing price: $165,450
Percentage of new mortgages purchased by millennials: 38%
2019 millennial median household income: $56,462
23. Minneapolis, Minnesota (55428)
Median listing price: $244,500
Percentage of new mortgages purchased by millennials: 45%
2019 millennial median household income: $61,262
22. Charlotte, North Carolina (28212)
Median listing price: $188,250
Percentage of new mortgages purchased by millennials: 40%
2019 millennial median household income: $35,551
21. Montclair, New Jersey (07043)
Median listing price: $749,500
Percentage of new mortgages purchased by millennials: 30%
2019 millennial median household income: $156,250
20. Tracy, California (95376)
Median listing price: $455,000
Percentage of new mortgages purchased by millennials: 26%
2019 millennial median household income: $73,930
19. Leominster, Massachusetts (01453)
Median listing price: $279,890
Percentage of new mortgages purchased by millennials: 39%
2019 millennial median household income: $61,677
18. Memphis, Tennessee (38134)
Median listing price: $149,900
Percentage of new mortgages purchased by millennials: 32%
2019 millennial median household income: $42,064
17. Folsom, California (95630)
Median listing price: $599,000
Percentage of new mortgages purchased by millennials: 32%
2019 millennial median household income: $113,061
16. Castro Valley, California (94546)
Median listing price: $818,940
Millennial home ownership rate: 35%
2018 millennial median household income: $95,130
15. Columbus, Ohio (43230)
Median listing price: $224,900
Percentage of new mortgages purchased by millennials: 39%
2019 millennial median household income: $80,915
14. Mansfield, Massachusetts (02048)
Median listing price: $429,900
Percentage of new mortgages purchased by millennials: 33%
2019 millennial median household income: $113,247
13. Spokane, Washington (99205)
Median listing price: $209,900
Percentage of new mortgages purchased by millennials: 33%
2019 millennial median household income: $57,579
12. Fairless Hills, Pennsylvania (19030)
Median listing price: $280,000
Percentage of new mortgages purchased by millennials: 32%
2019 millennial median household income: $71,591
11. Fort Wayne, Indiana (46804)
Median listing price: $199,900
Percentage of new mortgages purchased by millennials: 38%
2019 millennial median household income: $65,228
10. Colorado Springs, Colorado (80916)
Median listing price: $245,050
Percentage of new mortgages purchased by millennials: 34%
2019 millennial median household income: $47,819
9. Goffstown, New Hampshire (03045)
Median listing price: $325,050
Percentage of new mortgages purchased by millennials: 43%
2018 millennial median household income: $105,449
8. Arlington, Texas (76018)
Median listing price: $215,050
Percentage of new mortgages purchased by millennials: 34%
2019 millennial median household income: $64,023
7. Melrose, Massachusetts (02176)
Median listing price: $629,050
Percentage of new mortgages purchased by millennials: 43%
2019 millennial median household income: $98,803
6. Livonia, Michigan (48154)
Median listing price: $254,950
Percentage of new mortgages purchased by millennials: 36%
2019 millennial median household income: $96,855
5. Rochester, New York (14609)
Median listing price: $125,050
Percentage of new mortgages purchased by millennials: 43%
2019 millennial median household income: $44,438
4. Shawnee, Kansas (66203)
Median listing price: $220,050
Percentage of new mortgages purchased by millennials: 43%
2019 millennial median household income: $61,582
3. Boise, Idaho (83704)
Median listing price: $289,950
Percentage of new mortgages purchased by millennials: 28%
2019 millennial median household income: $50,581
2. Omaha, Nebraska (68144)
Median listing price: $238,950
Percentage of new mortgages purchased by millennials: 43%
2019 millennial median household income: $73,902
1. Grand Rapids, Michigan (49505)
Median listing price: $178,050
Percentage of new mortgages purchased by millennials: 48%
2019 millennial median household income: $58,667