Generation Z (born late 1990’2 to early 2010’s), said to frugal and financially responsible, make up approximately 6.2% of homeowners.
Known for doing their research, Gen Z has also shown a willingness to move to less expensive areas to purchase their first home.
Here are the top ten metro areas where Generation Z is buying. The percentage is the percentage Gen Z homebuyers followed by the median list price:
- Jacksonville, NC – 17.91% – $330,000
- Elkhart, IN – 17.86% – $295,000
- Lima, OH – 17.44% – $212,500
- Waterloo, IA – 17.14% – $280,450
- Cumberland, MD – 15.2% – $158,000
- Watertown, NY – 15.14% – $235,000
- St. Joseph, MO – 14.96% – $169,9000
- Hinesville, GA – 14.86% – $282,000
- Dubuque, IA – 14.78% – $308,750
- St. Cloud MN – 14.62% – $350,000