10 Cities Where Gen Zers Have the Best Shot at Buying Homes in 2024
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Gen Z is making gains in homeownership amid mounting affordability challenges for buyers — and some are even ahead of previous generations.
Although the growth of Gen Z’s homeownership rate slowed in 2023, these housing market newcomers are still managing to put down roots. More than a quarter of Gen Zers between 19 and 25 owned a home last year, according to recent report from real estate brokerage Redfin.
That’s a bit better than how Gen Xers and millennials were doing when they were in that age range. It’s also a pretty big flex when you consider that adult Gen Zers have had to contend with factors like inflation, climbing mortgage rates and record-breaking home prices over the past few years.
Where is Gen Z able to make such impressive homebuying achievements when costs are so expensive? A separate analysis from real estate site Point2Homes found that cities in the Midwest and South offer some key advantages for young home shoppers.
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