12 hottest housing markets for millennial homebuyers

For millennials, the home buying process comes laden with challenges.

However, the generation stepped into the prime ages for buying and started families of their own — the main impetus for seeking a house.

"While millennials are often stereotyped as adolescents, the reality is that this generation is well into adulthood — with most between their early 20s and mid-30s," Tendayi Kapfidze, chief economist at LendingTree, said in a press release. "This means that many of them are actively pursuing careers, having children and buying homes."

With home prices continuing to climb, this demographic of buyers flock to markets offering affordability. From Ohio to Utah, here's a look at the 12 housing markets with the highest percentage of millennial purchasers.

LendingTree derived the data by analyzing mortgage requests and offers for borrowers between Jan. 1, 2018 and Nov. 25, 2018. The cities are ranked by the percentage of total purchase mortgage requests received by LendingTree from borrowers in the millennial generation.

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Salt Lake City, Utah.
Jared - stock.adobe.com

Salt Lake City, Utah

Percentage of millennial purchase requests: 51%
Average homebuyer age: 28
Average millennial requested loan amount: $234,391
Average millennial down payment: $32,859
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kanonsky - stock.adobe.com

Pittsburgh, Pa.

Percentage of millennial purchase requests: 48%
Average homebuyer age: 28.4
Average millennial requested loan amount: $128,316
Average millennial down payment: $19,162
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Minneapolis, MN, river and bridge near downtown
Casey E Martin/Casey E Martin - stock.adobe.com

Minneapolis, Minn.

Percentage of millennial purchase requests: 48%
Average homebuyer age: 28.5
Average millennial requested loan amount: $200,930
Average millennial down payment: $29,111
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John Borsa/John - stock.adobe.com

Buffalo, N.Y.

Percentage of millennial purchase requests: 46%
Average homebuyer age: 28.4
Average millennial requested loan amount: $126,907
Average millennial down payment: $19,206
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Kansas City, Missouri.
f11photo - stock.adobe.com

Kansas City, Mo.

Percentage of millennial purchase requests: 45%
Average homebuyer age: 28.5
Average millennial requested loan amount: $153,194
Average millennial down payment: $20,515
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Aerial view of Saint Louis Missouri, USA showing the arch and downtown
Carlos E. Santa Maria/Carlos Santa Maria - stock.adobe.com

St. Louis, Mo.

Percentage of millennial purchase requests: 45%
Average homebuyer age: 28.5
Average millennial requested loan amount: $137,722
Average millennial down payment: $18,309
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Andrew - stock.adobe.com

Denver, Colo.

Percentage of millennial purchase requests: 45%
Average homebuyer age: 28.9
Average millennial requested loan amount: $293,848
Average millennial down payment: $47,728
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High Falls in Rochester NY in winter
tpc0361 - stock.adobe.com

Rochester, N.Y.

Percentage of millennial purchase requests: 44%
Average homebuyer age: 28.4
Average millennial requested loan amount: $116,321
Average millennial down payment: $18,531
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Looking south at Columbus, Ohio in the distance
aceshot - stock.adobe.com

Columbus, Ohio

Percentage of millennial purchase requests: 44%
Average homebuyer age: 28.4
Average millennial requested loan amount: $150,508
Average millennial down payment: $21,651
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The Seattle skyline and Mt. Rainier.
kanonsky - stock.adobe.com

Seattle, Wash.

Percentage of millennial purchase requests: 43%
Average homebuyer age: 29
Average millennial requested loan amount: $330,438
Average millennial down payment: $60,100
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stellamc - stock.adobe.com

San Jose, Calif.

Percentage of millennial purchase requests: 43%
Average homebuyer age: 29.6
Average millennial requested loan amount: $587,358
Average millennial down payment: $143,207
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wilgory - stock.adobe.com

Cleveland, Ohio

Percentage of millennial purchase requests: 43%
Average homebuyer age: 28.4
Average millennial requested loan amount: $123,806
Average millennial down payment: $17,600
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