At a time when homeownership has been pushed out of reach for many young Americans, the Midwest represents a bright spot for Gen Zers and millennials looking to step onto the property ladder, according to a recent study.
An analysis conducted by U.S. customer review and consumer news platform ConsumerAffairs found that seven of the top 10 most accessible U.S. metropolitan areas for young people are in this region. These include Omaha, Nebraska, which ranked as the best metro in the entire country for homebuyers under the age of 35.
What Are The Best U.S. Cities For Young People To Become Homeowners?
Omaha was the best metro in the entire country for young homeowners, with more than 62 percent of mortgages in 2023 taken out by people under the age of 35—the highest rate in the country. Over 18 percent of Omahans under the age of 35 own their homes—the ninth-highest young homeownership rate in the country and four percentage points above the national average.
However, homeownership among young people has actually shrunk slightly since 2019 (-0.6 percent) in the Omaha metro—which includes Council Bluffs, Iowa—as its housing market heated up during the pandemic homebuying frenzy…