Forget San Francisco and New York - millennials prefer these 9 smaller cities with 'extremely low home prices' and robust local economies

Median listing price: $215,050

Median income for millennials: $64,023

Millennial share of new mortgages: 34%

Home prices in Arlington, Texas — which is a less than 25 minute drive from both Forth Worth and Dallas — have increased 7.5% year-over-year, with millennial buyers accounting for about one-third of new mortgages.

Median listing price: $629,050

Median income for millennials: $98,803

Millennial share of new mortgages: 43%

A "quaint gas-lamp lined city" located just 10 miles outside of Boston, Melrose has the highest median listing price on this list, but owning a home is no stretch for millennials earning a median income close to six figures.

Median listing price: $254,950

Median income for millennials: $96,855

Millennial share of new mortgages: 36%

Homes sell quick in the suburb of Livonia, Michigan, which shares attractions and employers with the Detroit metro area, spending an average of 17 days on the market.

Median listing price: $125,050

Median income for millennials: $44,438

Millennial share of new mortgages: 43%

Home prices are up over 13% year-over-year in Rochester, New York, a highly walkable, picturesque city with the Genesee River running through its center.

Median listing price: $220,050

Median income for millennials: $61,582

Millennial share of new mortgages: 43%

Located about 10 miles Southwest of Kansas City, Shawnee's 66203 ZIP code is "a quintessential Midwestern suburb," according to Realtor.com, complete with "an alluring downtown that houses museums, dining, shopping, and extensive nightlife."

Median listing price: $289,950

Median income for millennials: $50,581

Millennial share of new mortgages: 28%

Appearing on Realtor.com's hottest ZIP codes list for the second year in a row, Boise, Idaho, is still popular among priced-out Californians and buyers aged 35- to 44-years-old.

Median listing price: $238,950

Median income for millennials: $73,902

Millennial share of new mortgages: 43%

An Omaha suburb, ZIP code 68144 offers a "solid mix of both high-end and starter homes," as well as access to a burgeoning downtown area and high-paying jobs, according to Realtor.com.

Median listing price: $178,050

Median income for millennials: $58,667

Millennial share of new mortgages: 48%

Homes in Grand Rapids' 49505 ZIP code sell in just 10 days, on average. The median list price for homes in the suburb has risen more than 11% in the last year, but it's still one of the lowest on this list.