Real Estate
Lakewood Among Top U.S. Cities Where Millennials Buying Homes
Lakewood is ranked as one of the top cities in the country where millennials are purchasing homes, according to a new report.
LAKEWOOD, CO — While many millennials struggle with affordability in the housing market, there are some cities in the United States where young adults are bucking that trend. The fifth annual SmartAsset study on millennial homeownership ranked Lakewood among the top cities in the country where young adults are buying homes.
Lakewood tied with Tacoma, WA, at No. 36 in the ranking. Analysts looked at the 10-year change in under-35 homeownership in 200 of the largest cities in the nation.
Between 2009 and 2018, the homeownership rate for Lakewood residents between ages 18 and 34 dropped 0.05 percent; however nearly 30 percent of people living in Lakewood are millennials, according to the report.
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The top two cities in the ranking were both in Arizona — Gilbert and Peoria. Cape Coral, Florida, was ranked third.
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Top ten cities for millennial home buyers:
1. Gilbert, AZ
2. Peoria, AZ
3. Cape Coral, FL
4. Sioux Falls, SD (Tie)
4. Palmdale, CA (Tie)
6. Moreno Valley, CA
7. Garden Grove, CA
8. Anchorage, AK
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