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Most Affordable Cities For Millennials To Buy A Home In 2020

Contrary to popular belief, millennials have been buying homes. Unlike generations before them, millennials are picky when it comes to homeownership. The new generation often prefers to bike around and loves a good farmers market. Millennials also prefer areas with large tech companies and at least a dozen small corner coffee shops.

We have taken into consideration all the preferences that the average millennial homeowner has and built a list of target cities tailored to millennials. Below you will find details about 10 of the most affordable cities for millennials to buy a home.
 
Madison, Wisconsin landscape
1. Madison, Wisconsin

Madison, Wisconsin, is the perfect place for millennials looking to get started on their career path. Madison is a small city that offers plenty of employment opportunities as well as fun adventures. Many millennials enjoy being able to ride their bikes as a means of commute. For aspiring entrepreneurs, Madison is also perfect for starting a business.  With the ideal mix of culture and positive energy for an active lifestyle brand, Madison was a natural addition to our list.

Metro population: 654,230
Median hourly wage: $18.46
Median home value: $256,600

Seattle, Washington landscape
2. Seattle, Washington

Many millennials love Seattle for its growing tech sector. With a booming job market and higher minimum wage, people are content with the higher than average cost of housing in this area. Outdoor enthusiasts are also drawn to Seattle because its nestled between both water and mountains. The city is friendly to bikers, pedestrians, and public transit savants.

Metro population: 3,939,363
Median hourly wage: $22.20
Median home value: $687,500

Rochester, New York landscape
3. Rochester, New York

Millennials are moving away from big cities such as New York City and into small towns with more trees and less concrete. Rochester is perfect for millennials seeking high-quality schools, a clean environment, great jobs, and a little less hustle and bustle.

Metro population: 1,079,697
Median hourly wage: $18.86
Median home value: $146,600

Orlando, Florida landscape
4. Orlando, Florida

Millennials love amusement parks too. Many young people are moving to Orlando, Florida, not just for the parks but for numerous job opportunities available to them. The salaries are not as competitive, but millennials love the freedom to bike around in spaces with great coffee shops and open air. Orlando is also a very affordable city for millennials to buy a home.

Metro population: 2,509,454
Median hourly wage: $16.33
Median home value: $243,900
 
Austin, Texas landscape
5. Austin, Texas

Austin is not known for its affordable housing cost. Living in Austin is more expensive than living in other metro areas in Texas, but the Austin night-life is fire. The city also has numerous parks and outdoor activities for people to explore.

Metro Population: 2,168,316
Median hourly wage: $18.33
Median home value: $381,500
 
Houston, Texas landscape
6. Houston, Texas

Houston may not be quite as fun as Austin, however, affordability is off the charts. The job market is growing and offers plenty of opportunities to millennials looking to start their careers. The area is also extremely affordable, both for housing and the cost of living.

Metro Population: 6,997,384
Median hourly wage: $18.36
Median home value: $189,900

Des Moines, Iowa landscape
7. Des Moines, Iowa

Des Moines, Iowa, has been making its way to becoming the best city in America. Millennials have been moving to Des Moines because of the coffee shops, restaurants, and music spots that have been popping up all over town. The rise of entrepreneurship allows many young people to be able to join a fast-paced startup but still enjoy a laid back lifestyle.

Metro Population: 569,632
Median hourly wage: $19.69
Median home value: $188,800
 
Dayton, Ohio landscape
8. Dayton, Ohio

Many young professionals enjoy living in Dayton, Ohio. The area is filled with young talent and has a very supportive atmosphere. Living costs are affordable, and with the strong local economy, many young people gravitate to Dayton.

Metro Population: 799,268
Median hourly wage: $18.28
Median home value: $124,100
 
Nashville, Tennessee landscape
9. Nashville, Tennessee

Nashville is one of the most affordable cities to buy a home. The area is perfect for young musicians or music enthusiasts. The art and entertainment scene within this area is a step above the rest.

Metro Population: 1,930,961
Median hourly wage: $17.76
Median home value: $264,200
 
Washington DC landscape
10. Washington, D.C.

Not the most affordable city, but many millennials move to Washington because of its robust job market. This area is perfect for new graduates and young professionals. The area is very diverse and has a lot of social amenities such as food venues, museums, and parks.

Metro Population: 6,216,589
Median hourly wage: $22.06
Median home value: $567,900

Millennials are the first generation to value experiences over the property. However, the home you choose still has an enormous impact on your future adventures, so give it some extra thought. As the largest homebuyer in the market today, millennials - you rock!

At your service,
Young Alfred