Houston is popping right into a haven for millennial homebuyers, a brand new SmartAsset housing research has discovered. Almost 62,000 millennials bought properties within the Bayou Metropolis in 2024.
The report, “The place Millennials Are Shopping for Houses – 2025 Research,” analyzed mortgage origination knowledge throughout 41 of the most important U.S. metros, rating them primarily based on the share of native folks aged 25-44 who bought a house in 2024. As a word, the research solely noticed standard mortgages and never FHA, USDA, or VA loans.
The findings present extra millennials purchased properties in Houston-Pasadena-The Woodlands than in some other U.S. metro final 12 months, totaling 61,826 originated mortgages.
“This was the best uncooked variety of new Millennial householders nationwide, outranking metros like New York Metropolis and Los Angeles, which have a lot bigger complete populations,” the report’s writer wrote.
For added context, that is almost 6,100 extra mortgages than Dallas-Fort Price-Arlington, which had the second-highest variety of millennial house purchases nationwide in 2024.
The median property worth of a Houston-area house bought by a millennial in 2024 got here out to $345,000, and the median earnings of a millennial house owner was $124,000, in keeping with the report.
Regardless of the huge variety of millennials that purchased properties in Houston final 12 months, it solely accounted for two.85 % of all native residents throughout the 25-44 age bracket. Moreover, Houston-Pasadena-The Woodlands positioned twenty seventh within the report’s rating of U.S. metro areas with the best proportion of millennials who bought properties in 2024.
The No. 1-ranking metro was Raleigh-Cary, North Carolina with 4.5 % of native millennials securing a mortgage final 12 months. Nonetheless, that proportion solely represented 19,735 mortgages originated in 2024.
SmartAsset stated U.S. metros with a excessive price of millennial homebuyers might present desirability throughout the space’s job market, housing market, and its native financial system.
“In some locations, 1 in each 25 residents between the ages of 25 and 44 bought a house with a traditional mortgage simply in 2024 alone,” the research stated. “In different main metros, lower than 1 in 100 Millennial-aged residents final 12 months. This disparity could cause divergent implications for native infrastructure, politics, and enterprise demand amongst completely different metros.”
Here is what number of mortgages that had been secured by millennials in Texas’ different main metros in 2024:
- Dallas-Fort Price-Arlington – 55,732 mortgages
- Austin-Spherical Rock-San Marcos – 27,196 mortgages
- San Antonio-New Braunfels – 26,337 mortgages
