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A study from SmartAsset has identified and ranked the metro area with the highest new Gen Z homeowner rates.
Posted August 6, 2024
A study from SmartAsset ranked the metro areas where Gen Z is buying homes at the fastest rates, with Kansas City among the highest in the nation.
Kansas City ranked No. 6 on the top ten list of metro areas. Metro areas are ranked by the percentage of local people less than age 25 who purchased a home with a mortgage in 2023, according to the study.
The percentage of local Gen Zers who purchased a home in 2023 in the KC metro was 1.44%, with the total Gen Z mortgages originated in 2023 being 1,921. Furthermore, KC metro area Gen Z has a median interest rate on mortgages of 6.63%, a median property value of $215,000 and a median income of roughly $67,000.
Top 10 metro areas where Gen Z is buying homes (mortgages originated in 2023):
