Jul 17, 2026 | 3:28 pm
From being named the No. 1 millennial magnet in 2024 to barely hanging on among the top 10 last year, Austin has had a rocky relationship with its millennial residents in recent years. But a new report has reestablished Austin as one of the 10 hottest destinations for millennials, whose local homeownership rate has soared more than 100 percent since 2018.
The number of millennials who own their homes in Austin has grown from 83,918 to 176,981 households over the last five years (110.9 percent), according to a new housing analysis from RentCafe.
The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center’s definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023…