{"id":140622,"date":"2026-07-15T02:16:20","date_gmt":"2026-07-15T09:16:20","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=140622"},"modified":"2026-07-15T02:17:12","modified_gmt":"2026-07-15T09:17:12","slug":"top-metro-areas-for-millennial-homeowners-and-renters","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/top-metro-areas-for-millennial-homeowners-and-renters\/","title":{"rendered":"Millennial housing report: Where they\u2019re buying homes and where they\u2019re still renting"},"content":{"rendered":"\n

There\u2019s more to Millennials than brunches and air fryers. In recent years, many have decided to settle down and buy homes. In fact, approximately 5.3 million Millennials became homeowners in just five years, which marks a 74% increase in Millennial-owned households.<\/strong> At the same time, the number of Millennial renters in the U.S. rose by a modest 5%, adding approximately 600,000 households.<\/strong> This brings the total number of Millennial homeowner households to 12.4 million, close to the 12.6 million Millennial renter households.<\/p>\n\n\n\n

To better understand Millennial renting and owning trends across the U.S., we analyzed 107 metro areas with the largest Millennial household populations, highlighting those with the most significant gains in owning and renting.<\/p>\n\n\n\n

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Key takeaways: <\/strong><\/p>\n

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  • Millennial homeownership increased by 74% in five years.<\/li>\n
  • The top 20 metro areas with the greatest increases in Millennial homeownership are led by sunny regions in Florida and California. Unexpected urban hubs such as Dallas, San Antonio, Philadelphia, and New York also made the list with ownership growth rates reaching 90% or higher.<\/li>\n
  • The number of Millennial renters also grew, albeit by a modest 5% over five years, to reach a total of 12.6 million households.<\/li>\n
  • Florida stands out for the most significant gains in Millennial renters, with Orlando experiencing a 34% increase.<\/li>\n
  • The highest concentrations of Millennial renters remain in coastal powerhouses such as Los Angeles; San Jose, CA; New York; and San Francisco, where soaring home prices and limited housing supply continue to outpace even strong income growth.<\/li>\n<\/ul>\n<\/div>\n\n\n\n