22 Most Popular States for Young Adults House Hunting
Can you guess which U.S. state young adults most want to purchase a home in? The answer isn’t New York, California or even Hawaii, but rather North Dakota.
The Midwestern state placed first in a recent SmartAsset study analyzing where young adults are house hunting across America. The under 35 group makes up nearly 29% of all mortgage applications in North Dakota, thanks to the state’s appealing low cost of living.
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For this article, MoneyLion references the most popular states where young adults make up over 22% of all submitted applications. The top five most popular states boast mortgage application percentages of 25% or greater among young adults and affordable living costs: West Virginia, Nebraska, Iowa and South Dakota round out the quintet.
Take a look at which 22 states are most popular with young adults pursuing homeownership, ranked by highest mortgage application percentages.
1. North Dakota
Percent of all applications by under 35: 28.3%
Number of applications by under 35: 6,551
Typical home value: $286,406
2. West Virginia
Percent of all applications by under 35: 26.5%
Number of applications by under 35: 16,133
Typical home value: $174,876
3. Nebraska
Percent of all applications by under 35: 25.7%
Number of applications by under 35: 19,947
Typical home value: $279,080
4. Iowa
Percent of all applications by under 35: 25.6%
Number of applications by under 35: 31,666
Typical home value: $234,891
5. South Dakota
Percent of all applications by under 35: 25.1%
Number of applications by under 35: 7,390
Typical home value: $319,255
6. Kentucky
Percent of all applications by under 35: 24.8%
Number of applications by under 35: 47,476
Typical home value: $232,231
7. Minnesota
Percent of all applications by under 35: 24.3%
Number of applications by under 35: 50,992
Typical home value: $350,891
8. Alaska
Percent of all applications by under 35: 24.3%
Number of applications by under 35: 5,440
Typical home value: $390,107
9. New Mexico
Percent of all applications by under 35: 24%
Number of applications by under 35: 19,504
Typical home value: $317,474
10. Utah
Percent of all applications by under 35: 23.7%
Number of applications by under 35: 40,765
Typical home value: $540,993
11. Oklahoma
Percent of all applications by under 35: 23.5%
Number of applications by under 35: 38,723
Typical home value: $221,765
12. Kansas
Percent of all applications by under 35: 23.3%
Number of applications by under 35: 25,209
Typical home value: $246,369
13. Indiana
Percent of all applications by under 35: 23.3%
Number of applications by under 35: 76,028
Typical home value: $256,584
14. Louisiana
Percent of all applications by under 35: 23.2%
Number of applications by under 35: 35,607
Typical home value: $214,727
15. Missouri
Percent of all applications by under 35: 23.1%
Number of applications by under 35: 63,203
Typical home value: $265,398
16. Wyoming
Percent of all applications by under 35: 22.9%
Number of applications by under 35: 5,745
Typical home value: $363,685
17. Mississippi
Percent of all applications by under 35: 22.9%
Number of applications by under 35: 26,255
Typical home value: $194,242
18. Texas
Percent of all applications by under 35: 22.7%
Number of applications by under 35: 259,737
Typical home value: $302,187
19. Michigan
Percent of all applications by under 35: 22.5%
Number of applications by under 35: 94,242
Typical home value: $263,590
20. Arkansas
Percent of all applications by under 35: 22.4%
Number of applications by under 35: 30,266
Typical home value: $222,300
21. Ohio
Percent of all applications by under 35: 22%
Number of applications by under 35: 114,730
Typical home value: $244,844
22. Alabama
Percent of all applications by under 35: 22%
Number of applications by under 35: 51,932
Typical home value: $236,705
This article was provided by MoneyLion.com for informational purposes only and should not be construed as financial, legal or tax advice.
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