Members of Gen Z, who span ages up to 24, are already starting to make their entrance into real estate. But buying a home has become especially pricey over the past year. Home prices were up 13% in October compared to a year ago, according to the National Association of REALTORS®.
So, which locales may offer Gen Z the best chances to buy a home of their own? Living Cozy, a furniture and homeware resource, analyzed the median property value in each American city to reveal the most affordable cities for members of Gen Z to purchase their first home.
Overall, the 10 most affordable U.S. cities for Gen Z to purchase a home, according to Living Cozy, are:
Researchers also widened the factors when choosing top markets for Gen Z, including metrics like health care providers, job prospects, and equality.
Source: “Gen Z City Index,” Living Cozy (2021)
