Generation Z stands “little-to-no” chance of buying a home in California, according to a recent study.
Online real estate marketplace Point2 looked at the places where adults 25 and younger have the best and worst chances of homeownership — based on earnings, employment data and housing markets in 100 of the largest cities across the United States.
Seven of California’s big cities topped the study’s list of the “most difficult” places for Gen Z to own a home, including Sacramento and San Jose.
However, the study said, Gen Z homeownership is a better bet in two Central Valley cities: Stockton and Fresno.
Here’s what makes those cities more attractive to would-be homeowners born between 1997 and 2012.
How affordable is homeownership for Gen Z in Fresno?
The Point2 study scored the cities on a scale of one to 100, looking at how easy it is for Gen Z to own a home based on the home price-to-income ratio, home price change, inventory, homes sold over price, amount of days homes are on the market and Gen Z’s homeownership and unemployment rates.