+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The 10 best cities for young people to buy a home

Nov 6, 2015, 01:38 IST

Flickr / Trey RatcliffThere are affordable places to live for first-time home buyers.

Advertisement

Owning a home doesn't have to be a far-off dream, even if you're still in your 20s.

In a recent report, Credit Karma determined the 10 most affordable US cities for millennials (ages 18 to 34) to buy a home. The report estimated the average number of months it would take to pay off a mortgage by analyzing the median income of young people and the average size of open mortgages in the 100 largest US cities, among other factors.

(Read the full methodology.)

Buffalo, New York secured the top spot, where it will take young people about 107 months (nine years) to pay off their mortgage. Compare that to Los Angeles, where it could take as many as 534.2 months, or 44.5 years.

Advertisement

Read on to see the full list, plus median home values from the Census Bureau's 2014 American Community Survey:

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article