15 Cities With the Most Young Homeowners

Happy couple looking at homeowners insurance savings
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Editor's Note: This story originally appeared on Filterbuy.

Over the last year and a half, one of the dominant stories in the U.S. economy has been the steep increase in the cost of homes in a highly competitive market. Earlier this year, the median sales price of a home in the U.S. passed $400,000 for the first time, up by more than 20% from before the COVID-19 pandemic began.

With an unusually low inventory of existing homes for sale throughout the pandemic and new construction struggling to catch up, limited supply has been one of the factors driving these increases.

On the demand side, millions of homebuyers have entered the market, seeking to take advantage of low mortgage rates, increased savings, and strong investment returns during the pandemic.

To determine the locations with the most young homeowners, researchers at Filterbuy calculated the percentage of all owner-occupied households headed by someone under 35 years old.

The data used in this analysis is from the U.S. Census Bureau’s 2019 American Community Survey. In the event of a tie, the location with the greater total number of owner-occupied households headed by someone under 35 was ranked higher.

Here are the cities with the most young homeowners.

15. Boston, MA

Boston, Massachusetts
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Percentage of all homeowners under 35: 13.7%

Total homeowners under 35: 12,924

Total homeowners (all ages): 94,202

Percentage of folks under 35 who own a home: 14.6%

14. Washington, D.C.

Washington D.C.
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Percentage of all homeowners under 35: 13.9%

Total homeowners under 35: 16,759

Total homeowners (all ages): 120,988

Percentage of folks under 35 who own a home: 19.1%

13. Oklahoma City, OK

Oklahoma City, Oklahoma
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Percentage of all homeowners under 35: 14.2%

Total homeowners under 35: 20,328

Total homeowners (all ages): 143,591

Percentage of folks under 35 who own a home: 32.1%

12. Milwaukee, WI

Milwaukee, Wisconsin
Rudy Balasko / Shutterstock.com

Percentage of all homeowners under 35: 14.5%

Total homeowners under 35: 13,480

Total homeowners (all ages): 92,982

Percentage of folks under 35 who own a home: 19.5%

11. Kansas City, MO

Kansas City, Missouri
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Percentage of all homeowners under 35: 14.7%

Total homeowners under 35: 16,318

Total homeowners (all ages): 110,735

Percentage of folks under 35 who own a home: 27.8%

10. Minneapolis, MN

Lake Calhoun, Minneapolis
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Percentage of all homeowners under 35: 14.9%

Total homeowners under 35: 12,599

Total homeowners (all ages): 84,829

Percentage of folks under 35 who own a home: 20.3%

9. Seattle, WA

Seattle, Washington
Sean Pavone / Shutterstock.com

Percentage of all homeowners under 35: 15.3%

Total homeowners under 35: 23,075

Total homeowners (all ages): 150,887

Percentage of folks under 35 who own a home: 18.9%

8. Raleigh, NC

Raleigh, North Carolina
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Percentage of all homeowners under 35: 15.5%

Total homeowners under 35: 14,897

Total homeowners (all ages): 96,410

Percentage of folks under 35 who own a home: 28.1%

7. Columbus, OH

Columbus Ohio
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Percentage of all homeowners under 35: 15.6%

Total homeowners under 35: 26,211

Total homeowners (all ages): 167,715

Percentage of folks under 35 who own a home: 22.3%

6. Bakersfield, CA

Bakersfield, California
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Percentage of all homeowners under 35: 15.7%

Total homeowners under 35: 10,872

Total homeowners (all ages): 69,256

Percentage of folks under 35 who own: 39.8%

5. Fort Worth, TX

Fort Worth Texas
Barbara Smyers / Shutterstock.com

Percentage of all homeowners under 35: 15.9%

Total homeowners under 35: 28,672

Total homeowners (all ages): 179,783

Percentage of folks under 35 who own a home: 37.2%

4. Aurora, CO

Aurora Colorado
Arina P Habich / Shutterstock.com

Percentage of all homeowners under 35: 16.2%

Total homeowners under 35: 13,709

Total homeowners (all ages): 84,585

Percentage of folks under 35 who own a home: 42.3%

3. Nashville-Davidson, TN

Nashville, Tennessee
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Percentage of all homeowners under 35: 16.5%

Total homeowners under 35: 24,640

Total homeowners (all ages): 149,072

Percentage of folks under 35 who own a home: 29.0%

2. Denver, CO

Denver Colorado
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Percentage of all homeowners under 35: 16.5%

Total homeowners under 35: 26,201

Total homeowners (all ages): 158,620

Percentage of folks under 35 who own a home: 25.9%

1. Atlanta, GA

Atlanta cityscape
Sean Pavone / Shutterstock.com

Percentage of all homeowners under 35: 17.5%

Total homeowners under 35: 18,274

Total homeowners (all ages): 104,332

Percentage of folks under 35 who own a home: 24.2%

Methodology

Man analyzing data on a laptop
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The data used in this analysis is from the U.S. Census Bureau’s 2019 American Community Survey. To determine the locations with the most young homeowners, researchers calculated the percentage of all owner-occupied households headed by someone under 35 years old.

In the event of a tie, the location with the greater total number of owner-occupied households headed by someone under 35 was ranked higher.

For the purpose of this analysis, the term homeowner refers to the head (one per household) of an owner-occupied household, as designated by the Census Bureau. To improve relevance, only cities with at least 100,000 residents were included.

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