FORT WAYNE, Ind. (ADAMS) – Nine out of 10 millennial renters want to purchase a home, but only 4.9% believe they will be able to do so in the next year. Many young adults cite home affordability issues as a key deterrent. In some cities, however, millennials are bucking this trend with higher rates of homeownership.
In their fifth annual study, Smart Asset uncovered where millennials are buying homes by analyzing millennial homeownership rates and the 10-year change in under-35 homeownership in 200 of the largest cities. Fort Wayne cracks the top 50 cities on the list, which are displayed in the data table at the end of the report.
The full report, including the methodology and key findings, can be found here