#Real Estate Agents in Highland Park TX
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Chris, your experienced Highland Park realtor can help you find profitable investments in the Highland Park TX real estate market. Call him at (214) 430-8844
#Highland Park TX Real Estate#Real Estate Agents in Highland Park TX#Commercial Real Estate Highland Park TX
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San Antonios Housing Market Expected To Rebound, Outpace Its Neighbor To The North
Search via 1000's of Commercial Real Estate listings presently obtainable for sale close to San Antonio, TX. Save this search. Use the LoopNet search to discover a business actual property broker near San Antonio, TX now. The sale of surplus property is subject to City Departmental and public utility evaluate homes for sale san antonio tx, Planning Commission recommendation and City Council approval. It is the accountability of potential consumers to examine all relevant building codes and zoning ordinances. The City makes no representation or warranty regarding zoning, situation of title or use.
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Zillow has 260 homes for sale in Texas matching Usda. View itemizing photos, evaluation sales history, and use our detailed actual property filters to seek out the ... Public Works Real Estate is answerable for the acquisition of real property for Bond Projects, Capital Improvement Projects and different tasks to be used by the City of San Antonio. The sale of real property, encroachment permitting, and different disposition providers described in the processing fee schedule below are additionally administered.
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Over 90% of our enterprise is driven by word-of-mouth referrals from Real Estate Brokers, Sales Agents, Mortgage Loan Originators, Home Inspectors, and Appraisers. We are outfitted to assist anybody who is seeking an exceptional Real Estate schooling no matter schedule or location. Have or be prepared to obtain an actual property salesperson license. There are additionally openings for skilled actual estate salespersons and broker-salespersons.
Search 6,430 homes for sale in San Antonio and 1,649 homes for rent in San Antonio - View 8,079 San Antonio Homes and Houses for Sale and Rent. HAR.com is the Official MLS website and mobile app for home consumers and homes sellers. See Listing Details & Photos, School & Neighborhood data and Contact Agent.
Any properties with that asset classification are in the database that shows all City-owned property. To find that info, please click on the database hyperlink then filter the asset sort for “potential surplus” properties. Located close to Loop 1604 and Highway 151, you home builders in san antonio can get pleasure from some of San Antonio’s most popular points of interest including Six Flags Fiesta Texas, Sea World and the famous San Antonio Riverwalk.
SimplyHired ranks Job Ads based on a mix of employer bids and relevance, similar to your search terms and different activity on SimplyHired. For extra data, see the SimplyHired Privacy Policy. The Alamo City’s expected 2.5% improve in home gross sales also contrasts with the outlook for Austin, which Realtor.com said is set to dip by 6.6%. The predicted progress in pricing would mark a sharp rebound for San Antonio, where home costs have declined 5.5% worth since June, based on Realtor.com. Realtor.com attributed the potential uptick to a second wind in the latter half of 2023 rallying the housing market. The KSAT 12 News Team offers a have a glance at local, regional, statewide and national news occasions and the newest data on local traffic and weather points.
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New Homes In West San Antonio
Homeowners take pleasure in upgraded homes with spacious structure paired with unparalleled group facilities here. LGI took away all of our worries and doubts about the home buying experience and made it an experience price every minute. We actually love the spacious floor plan and massive yard for our children. The home surpassed our expectations in high quality all the means down to the smallest particulars.
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The neighborhoods exterior of Loop 1604, from Highway 90 through Alamo Ranch and over to Culebra Road, saw among the highest gross sales in San Antonio over the past yr. Add that to the provision of latest or almost new homes and the area is usually on newcomers’ lists of places to look. For families, much of the Far West Side falls inside Northside ISD, plus it’s near SeaWorld San Antonio, Wolff Stadium for Missions games and various other parks, together homes for sale san antonio tx with the 145-acre Culebra Creek Park. This stunning 4 beds three.00 baths house is situated at 9426 Iron Keeper San Antonio, TX and listed at $574,900 with 2594 sqft of residing house. Nestled in north central San Antonio, Texas, Shavano Highlands is a brand new home group by Toll Brothers that offers new luxurious single-family homes on expansive 90-foot-wide home sites. Public Works Real Estate is responsible for the acquisition of actual property for Bond Projects, Capital Improvement Projects and other projects for use by the City of San Antonio.
Buyer's brokers have to be identified on first contact and should accompany buying prospect on first exhibiting to be allowed full payment participation and, if they involve different brokers, it will be out of their aspect of the charge. If these conditions are not met, charge participation will be at the sole discretion of Phyllis Browning Company. There had been 5,369 homes for sale in San Antonio as of November 10, 2022. There had been 2,265 new listings inside the last 30 days as properly.
Prices shown check with the base floor plan and do not include any optional options, upgrades, homesite premiums, improve exterior elevations, or association fees. Home workplace with French doors set at two-story entry. Dining area opens to kitchen and adjacent two-story family room. Kitchen options walk-in pantry and beneficiant island with built-in seating area. First-floor main suite consists of main tub with dual vainness, backyard tub, separate glass-enclosed bathe and two walk-in closets.
A saved search will allow you to obtain e-mail alerts when new San Antonio real property listings hit the market. The offerings are topic to errors, omissions, modifications, including value, or withdrawal with out discover. Redfin is redefining actual estate and the home buying course of in San Antonio with industry-leading technology, full-service brokers homes for sale san antonio tx, and decrease fees that present a greater value for Redfin buyers and sellers. Will make a comfy home for a family is who is looking to begin small or an excellent investment for rental income. Great location, close to colleges and minutes from downtown.
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Homes for sale Highland Park TX | Highland Park homes for sale | Highland Park houses for sale
Homes for sale Highland Park TX | Highland Park homes for sale | Highland Park houses for sale
Homes For Sale Highland Park TX | Highland Park Houses For Sale
Call local realtor Christopher at (214) 430-8844 to find top homes for sale Highland Park TX or best Highland Park houses for sale. Highland Park Real Estate Agent
If you are looking for University Park TX Homes For Sale, then look no further because we have you covered. At the North Texas Luxury Living Realty Group, we take care of each and every step required for you to find your perfect home. Irrespective of the kind of transaction, we promise to give our very best to you and provide a lucrative result. We work with you closely to provide a custom made solution that meets each need you have, and we try to make the transaction absolutely smooth and hassle free.
Homes for sale Highland Park TX | Highland Park homes for sale | Highland Park houses for sale
https://www.northtexasluxuryliving.com/homes-for-sale-highland-park-tx/
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We are pride to make complicated process of buying and selling properties very smooth and easy. With over 20 years of experience as Reliable Real Estate Agent in Highland Park TX makes us the best real estate agent. We always make deals of your desire.
#Reliable Real Estate Agent Highland Park TX#Professional Real Estate Agent Highland Park TX#Executive Home Leasing Highland Park TX#Top Real Estate Agent Highland Park TX#Affordable Custom Home Sales Highland Park TX
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Top Real Estate Agent in Highland Park TX can be expensive and they can charge more commission as compared to other real estate agents. If you want guaranteed good real estate services, then you will have to sacrifice a little more than your expectations.
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Illinois Midcentury Masterpiece Tops This Week’s Most Popular Homes
realtor.com
This week on realtor.com®, folks were mad for an architectural gem in Illinois built in 1956. Its sleek lines and walls of glass drew a frenzy of clicks, making it the most popular listing on our site. And this residence is gracing the market for only the second time!
This week’s runner-up is an adorable brick Tudor located in the San Francisco Bay Area. It comes with an extremely reasonable price tag and an absolutely charming interior, which looks almost too good to be true. Pinch yourself—then go bid on it!
Other eye-catching properties include a historic and updated home in Franklin, TN, and a rockin’ pink house in Texas taking another shot at a sale. Also, a prestigious piece of property once owned by the one and only Johnny Cash is still trying to hit the right chord with buyers.
Hum along to all of this week’s most popular homes by simply scrolling down.
10. 324 3rd Ave S, Franklin, TN
Price: $639,000
Why it’s here: Built in 1925, this abode in the downtown Franklin Historic District is loaded with winning details, including a screened porch, open kitchen with casual dining and living area, an updated master bath, and original hardwood floors.
Franklin, TN
realtor.com
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9. 29575 Edgedale Rd, Pepper Pike, OH
Price: $455,000
Why it’s here: Go midcentury modern in the Midwest. This time capsule from 1959 includes an open floor plan with a stone fireplace and a wall of windows, formal dining room with built-ins, an updated chef’s kitchen, and a walk-out basement.
Pepper Pike, OH
realtor.com
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8. 24976 Kit Carson Rd, Hidden Hills, CA
Price: $3,500,000
Why it’s here: While the price is high, it’s actually about a million dollars under the median list price for the neighborhood. The remodeled, single-story home features a living area with fireplace, formal dining room, walls of glass doors, and a chef’s kitchen. The lush grounds include a dining patio, barbecue station, sport court, pool, spa, and grassy play area.
Hidden Hills, CA
realtor.com
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7. 422 Green Acres Dr, Franklin, TN
Price: $347,900
Why it’s here: This adorable cottage has been completely renovated, and could be used as a family home or investment property. The two-bedroom home has new hardwood flooring and paint and an open kitchen, living, and dining space. Along with a large backyard comes an 800-square-foot storage space.
Franklin, TN
realtor.com
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6. 200 Caudill Dr, Hendersonville, TN
Price: $3,950,500
Why it’s here: The home once owned by Johnny Cash is still looking for a buyer. The famed home on 4.49 acres on Old Hickory Lake is now being promoted as a development opportunity. There are four 1-acre parcels, each with lake frontage and a harmonious pedigree.
Hendersonville, TN
realtor.com
———
5. 135 Rowland Pl, Tyler, TX
Price: $178,500
Why it’s here: The rockin’ pink house is back! It topped our most popular list in 2018 when it first came on the market. Musicians Max Bemis and Sherri Dupree are still hoping a fan might snap up their digs. The cute home on a corner lot features shiplap walls, tile accents, hardwood floors, and an oversize master suite.
Tyler, TX
realtor.com
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4. 129 E Main St, Le Roy, NY
Price: $50,000
Why it’s here: Available via online auction is this 1928 mansion built by Donald Woodard, heir to the Jell-O fortune. It’s billed as having “fantastic potential,” and details include curved staircases, servants quarters, huge fireplaces, and 5 acres. Hurry up though, the auction ends on Feb. 26.
Le Roy, NY
realtor.com
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3. 1850 Beaver Creek Rd, Brighton, TN
Price: $1,699,000
Why it’s here: Built in 2014, this palatial home is one of the last custom homes from local designer Lavelle Walker. The gated estate features a master suite with sitting area, exercise room, and dual baths. Along with six en suite bedrooms, there’s an in-law suite with a private entrance. The kitchen includes high-end appliances, plus there’s an elevator, intercom system, third-level tower, and safe room.
Brighton, TN
realtor.com
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2. 224 Belleview Dr, San Leandro, CA
Price: $639,000
Why it’s here: In other parts of the country, a modest but sweet house like this might not stand out. In the San Francisco Bay Area, for the price and the property, believe us, it’s a find. This updated Tudor comes with a newer kitchen, plenty of natural light, original hardwood floors, a covered porch, and a bonus room from a converted attic space.
San Leandro, CA
realtor.com
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1. 151 Maple Ave, Highland Park, IL
Price: $1,049,000
Why it’s here: This 1956 home from the firm Keck & Keck is midcentury modern perfection and is on the market for only the second time since it was built.
“They don’t come up on the market very often,” says listing agent Maxine Goldberg. “There are not that many of them, especially … in a great location.”
The home was built for Robert and Claire Misch, according to an article written at the time. An addition expanded the space in 1965.
The home is built around an interior courtyard—the living room, kitchen, and dining area all face walls of glass, bringing in light and passive solar heat.
Brothers George and William Keck were Chicago-based architects known for their modernist designs. From the 1930s through the 1970s, they worked in the area and incorporated “simple lines, uncluttered surfaces, and ample use of glass.” The layout of this 3,430-square-foot home features wood-paneled walls, concrete floors, and walls of glass.
The well-maintained home is being sold as is. The bathrooms have been updated and the roof is just 9 years old.
“It has all the characteristics of a Keck & Keck home,” Goldberg says. “A lover of this architecture will not really want to change it.”
Highland Park, IL
realtor.com
The post Illinois Midcentury Masterpiece Tops This Week’s Most Popular Homes appeared first on Real Estate News & Insights | realtor.com®.
Illinois Midcentury Masterpiece Tops This Week’s Most Popular Homes
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Illinois Midcentury Masterpiece Tops This Week’s Most Popular Homes
realtor.com
This week on realtor.com®, folks were mad for an architectural gem in Illinois built in 1956. Its sleek lines and walls of glass drew a frenzy of clicks, making it the most popular listing on our site. And this residence is gracing the market for only the second time!
This week’s runner-up is an adorable brick Tudor located in the San Francisco Bay Area. It comes with an extremely reasonable price tag and an absolutely charming interior, which looks almost too good to be true. Pinch yourself—then go bid on it!
Other eye-catching properties include a historic and updated home in Franklin, TN, and a rockin’ pink house in Texas taking another shot at a sale. Also, a prestigious piece of property once owned by the one and only Johnny Cash is still trying to hit the right chord with buyers.
Hum along to all of this week’s most popular homes by simply scrolling down.
10. 324 3rd Ave S, Franklin, TN
Price: $639,000
Why it’s here: Built in 1925, this abode in the downtown Franklin Historic District is loaded with winning details, including a screened porch, open kitchen with casual dining and living area, an updated master bath, and original hardwood floors.
Franklin, TN
realtor.com
———
9. 29575 Edgedale Rd, Pepper Pike, OH
Price: $455,000
Why it’s here: Go midcentury modern in the Midwest. This time capsule from 1959 includes an open floor plan with a stone fireplace and a wall of windows, formal dining room with built-ins, an updated chef’s kitchen, and a walk-out basement.
Pepper Pike, OH
realtor.com
———
8. 24976 Kit Carson Rd, Hidden Hills, CA
Price: $3,500,000
Why it’s here: While the price is high, it’s actually about a million dollars under the median list price for the neighborhood. The remodeled, single-story home features a living area with fireplace, formal dining room, walls of glass doors, and a chef’s kitchen. The lush grounds include a dining patio, barbecue station, sport court, pool, spa, and grassy play area.
Hidden Hills, CA
realtor.com
———
7. 422 Green Acres Dr, Franklin, TN
Price: $347,900
Why it’s here: This adorable cottage has been completely renovated, and could be used as a family home or investment property. The two-bedroom home has new hardwood flooring and paint and an open kitchen, living, and dining space. Along with a large backyard comes an 800-square-foot storage space.
Franklin, TN
realtor.com
———
6. 200 Caudill Dr, Hendersonville, TN
Price: $3,950,500
Why it’s here: The home once owned by Johnny Cash is still looking for a buyer. The famed home on 4.49 acres on Old Hickory Lake is now being promoted as a development opportunity. There are four 1-acre parcels, each with lake frontage and a harmonious pedigree.
Hendersonville, TN
realtor.com
———
5. 135 Rowland Pl, Tyler, TX
Price: $178,500
Why it’s here: The rockin’ pink house is back! It topped our most popular list in 2018 when it first came on the market. Musicians Max Bemis and Sherri Dupree are still hoping a fan might snap up their digs. The cute home on a corner lot features shiplap walls, tile accents, hardwood floors, and an oversize master suite.
Tyler, TX
realtor.com
———
4. 129 E Main St, Le Roy, NY
Price: $50,000
Why it’s here: Available via online auction is this 1928 mansion built by Donald Woodard, heir to the Jell-O fortune. It’s billed as having “fantastic potential,” and details include curved staircases, servants quarters, huge fireplaces, and 5 acres. Hurry up though, the auction ends on Feb. 26.
Le Roy, NY
realtor.com
———
3. 1850 Beaver Creek Rd, Brighton, TN
Price: $1,699,000
Why it’s here: Built in 2014, this palatial home is one of the last custom homes from local designer Lavelle Walker. The gated estate features a master suite with sitting area, exercise room, and dual baths. Along with six en suite bedrooms, there’s an in-law suite with a private entrance. The kitchen includes high-end appliances, plus there’s an elevator, intercom system, third-level tower, and safe room.
Brighton, TN
realtor.com
———
2. 224 Belleview Dr, San Leandro, CA
Price: $639,000
Why it’s here: In other parts of the country, a modest but sweet house like this might not stand out. In the San Francisco Bay Area, for the price and the property, believe us, it’s a find. This updated Tudor comes with a newer kitchen, plenty of natural light, original hardwood floors, a covered porch, and a bonus room from a converted attic space.
San Leandro, CA
realtor.com
———
1. 151 Maple Ave, Highland Park, IL
Price: $1,049,000
Why it’s here: This 1956 home from the firm Keck & Keck is midcentury modern perfection and is on the market for only the second time since it was built.
“They don’t come up on the market very often,” says listing agent Maxine Goldberg. “There are not that many of them, especially … in a great location.”
The home was built for Robert and Claire Misch, according to an article written at the time. An addition expanded the space in 1965.
The home is built around an interior courtyard—the living room, kitchen, and dining area all face walls of glass, bringing in light and passive solar heat.
Brothers George and William Keck were Chicago-based architects known for their modernist designs. From the 1930s through the 1970s, they worked in the area and incorporated “simple lines, uncluttered surfaces, and ample use of glass.” The layout of this 3,430-square-foot home features wood-paneled walls, concrete floors, and walls of glass.
The well-maintained home is being sold as is. The bathrooms have been updated and the roof is just 9 years old.
“It has all the characteristics of a Keck & Keck home,” Goldberg says. “A lover of this architecture will not really want to change it.”
Highland Park, IL
realtor.com
The post Illinois Midcentury Masterpiece Tops This Week’s Most Popular Homes appeared first on Real Estate News & Insights | realtor.com®.
from DIYS http://bit.ly/2SfmRLU
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Rents Are Too Damn High: Where Bargains Lurk Within America's Biggest Cities
iStock; realtor.com
The Newtonian laws of real estate dictate that for every action there is an equal and opposite reaction. So when the sales market for new homes crashed and immolated a decade ago, folks flocked en masse to rentals in America's top metros. But here's the thing: They never stopped flocking! More Americans are renting now than at any point since LBJ was in the White House, according to a Pew Research Center analysis last year-nearly 37% of households, in fact.
And with rents in America's most seductive urban meccas rising just as fast as home prices, what was once considered a safety hatch has become more of a mousetrap. Urban dwellers shell out far more than they should for their monthly nut, making it ever tougher to save up for a home.
So what's a city lover to do? You could ditch your urban dreams altogether-along with the career opportunities, social stimulation, and late-night Icelandic food deliveries they can bring. Or you could get smart, and make a few well-thought-out compromises. The penny-pinching data team at realtor.com® set out to find the neighborhoods in America's biggest metros that boast the lowest rents.
“Because of high home prices and rising rents, people are getting creative and looking [for rental apartments] in areas that they might not have looked at before,” says Danielle Hale, chief economist for realtor.com. “When you're looking for affordability, you've got to make trade-offs. … There might not be a grocery store or other fun things to do. It might take longer to get weekly errands done because it is a little farther from transit.”
To find these bargain neighborhoods, we started with the nation's biggest metros, then analyzed median one-bedroom rent listing prices by ZIP code provided by rental site Zumper, calculated from over 1 million active online rental listings in May. We searched neighborhoods within a 45-minute commute to downtown during the morning rush hour, according to Google Maps, and made sure crime wasn't over a certain threshold based on crime data provided by Sperling's Best Places, a site that collects data on communities across the U.S. (We also eliminated neighborhoods that had too few rental listings.)
Now let's go to the neighborhoods where renting makes cents. Lots of them.
Best ZIPs for cheap rents
Tony Frenzel
New York, NY
Median one-bedroom rent*: $2,860
Most affordable neighborhood: Arrochar, Staten Island (ZIP code 10305)
Median one-bedroom rent: $1,475
Share of renter households**: 34.1%
Arrochar, Staten Island
Roman Babakin/iStock
Conservative-leaning Staten Island is often mocked by residents of the other boroughs of New York City as a stodgy suburb in disguise-it's closer (in location and vibe) to New Jersey than Manhattan. But with much lower rent prices, S.I. might be getting the last laugh. Right next to the entrance of the Verrazano-Narrows Bridge connecting Staten Island and Brooklyn, the community of Arrochar has become an affordable option for commuters, especially those working in Brooklyn.
“A lot of people who live in Brooklyn are coming here, because the rent is so much less,” says Diane Yetman, a real estate agent at DiTommaso Real Estate in Staten Island. “And they want to be close to the bridge.”
Heading into Manhattan for work isn't that crazy, either, given that the neighborhood is 10 minutes from the Staten Island Ferry dock.
The increase in young professionals has coincided with an uptick in bars and restaurants in the area. For warm-weather fun, this ZIP encompasses the borough's main beaches, South Beach and Midland Beach, linked by a bike-friendly boardwalk. Arrochar also sits just south of the island's bustling Sri Lankan community, whose restaurants draw foodies from across the city. (Try the dhal curry!)
Most folks in this area rent single-family homes, or units within multifamily homes. Rentals in Arrochar range from five-bedroom, Colonial-style homes such as this one for $2,900 a month, to units carved out of homes such as this one-bedroom with an entrance at the rear of a bungalow for $1,200 a month.
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Los Angeles, CA
Median one-bedroom rent: $2,340
Most affordable neighborhood: North Hollywood/Sun Valley (91605)
Median one-bedroom rent: $1,623
Share of renter households: 61.8%
North Hollywood
Thiwakorn Promprai/Getty Images
Just over the San Fernando mountains from the rest of Los Angeles, the adjacent neighborhoods of Sun Valley, a young and diverse community, and North Hollywood, a neighborhood with art galleries and craft beer bars, are the best deals for L.A. renters trying to save money.
A morning commute into downtown Los Angeles can take around 40 minutes during peak hours, and 25 minutes with no traffic. By Los Angeles standards, that's a breeze. For those working in the movie and TV production studios in Burbank, like Warner Bros. and Disney, it's more like 15 minutes.
The 91605 ZIP code is a heavy renter's market, making up over half of households. Most of what's on the market are one-story, three-bedroom homes priced from $2,500 to $3,500 a month. Then there are apartments like this newly renovated one-bedroom with a quartz kitchen and stainless-steel appliances for $1,700 a month.
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Chicago, IL
Median one-bedroom rent: $1,500
Most affordable neighborhood: Dunning (60634)
Median one-bedroom rent: $950
Share of renter households: 28.7%
Homes in Dunning in Chicago
stevegeer/iStock
Located 13 miles north of downtown Chicago, Dunning's suburban streets are lined with trees and brick bungalows with front porches built in the early 1900s.
“It's a very residential area with lots of younger families, as well as a lot of city workers like police officers, firefighters, and teachers,” says Sonia Figueroa, a real estate broker with Century21 in Chicago. “It takes 45 minutes during rush hour to get into Chicago … but it's worth it for the peace and quiet and tranquility of the neighborhood.”
When it comes to rentals, the market is dominated by single-family homes. Yet, in recent years the area has seen new apartment developments pop up. These apartment units are smaller and don't have on-site parking, putting the rent on the cheaper side. But that doesn't mean they skimp on other amenities. This three-bedroom, 1,375-square-foot apartment with granite countertops and access to an on-site workout center is priced at $1,900 a month.
Bonus: It's only 15 minutes from O'Hare International Airport, making it great for frequent flyers.
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Dallas, TX
Median one-bedroom rent: $1,310
Most affordable neighborhood: Lake Highlands (75238)
Median one-bedroom rent: $827
Share of renter households: 51.4%
Apartment complex in Lake Highlands
realtor.com
About 20 minutes north of downtown Dallas, Lake Highlands is a community dotted with subdivisions and Texas-size homes. And Dallas millennials hitting their 30s are realizing suburbs such as Lake Highlands aren't so bad after all.
“Mostly young families are moving in this area, and replacing older people who are moving out,” says Irma Pfeffer, a real estate agent at Ebby Halliday Realtors in Dallas.
The nearby bike and walking paths at the 1,200-acre White Rock Lake are a draw for younger folks, Pfeffer says.
The rental market in Lake Highlands is dominated by four-bedroom ranch homes. This one with a remodeled master bath, wood-burning fireplace, and open patio is available for $2,450 a month. But there are also some apartment complexes like South Pointe, where one- to two-bedrooms range from $750 to $1,100 a month.
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Houston, TX
Median one-bedroom rent: $1,300
Most affordable neighborhood: Fairbanks/ Northwest Crossing (77040)
Median one-bedroom rent: $733
Share of renter households: 47.2%
Home for rent in the 77040
realtor.com
Renters looking to escape the escalating prices in Houston are making their way out to Fairbanks/Northwest Crossing, a suburb within 20 minutes of downtown.
“The people renting there can't afford to live in the Inner Loop close to downtown so they go a little farther out,” says Greg Nino, a real estate agent at Re/Max Compass in Houston.
But renting here is often a strategic short-term choice. “A lot of young people out of college go there. … They are [positioning] themselves to save up for that 20% down payment,” Nino says.
A one-bedroom apartment in the area typically costs around $700 a month, while a two-bedroom is usually around $900. But the bulk of the market here is three- to four-bedroom homes, Nino says.
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Philadelphia, PA
Median one-bedroom rent: $1,490
Most affordable neighborhood: Holmesburg (19136)
Median one-bedroom rent: $750
Share of renter households: 38.8%
Mayfair in Philadelphia
Wikipedia CC
Philadelphia has long been an affordable Northeastern alternative to Boston and New York City. But recently, housing costs have shot up here too. Just over the past year, the median rent in the city has jumped 8% for both one-bedroom apartments (to $1,490) and two-bedroom units (to $1,700). So it makes sense that folks are giving the neighborhoods of Holmesburg and Mayfair, where prices are half that, a second look.
“There's a wide range of people moving there,” says Stacey Stier, a real estate agent in Philadelphia.
This area is known for its close-knit community and brick row homes, Stier says. Renters might take an entire three- or four-bedroom row home, or just a unit within one. One example is this three-bedroom, 1,000-square-foot row home for $1,300 a month.
Within 20 minutes of downtown, this area is great for commuters. But you don't need to travel to have fun: Reviewers on niche.com give Holmesburg an A rating for nightlife.
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Washington, DC
Median one-bedroom rent: $2,140
Most affordable neighborhood: Michigan Park/Brookland (20017)
Median one-bedroom rent: $1,620
Share of renter households: 44.2%
Apartment building overlooking the Brookland-CUA metro station
Benjamin C. Tankersley/For The Washington Post via Getty Images
Set in the fast-gentrifying northeast quarter of Washington, DC, the neighborhoods of Michigan Park and Brookland are drawing tenants with rents that are still low-but perhaps not for long.
Starting around 2011, this area started to see a big uptick in interest among young professionals and college students, says Mark Bertini, a real estate agent at RLAH Real Estate in DC.
These young renters band together in gaggles of three or four to occupy the area's multibedroom homes, most of which were built after World War II for returning veterans, Bertini says. Rents for these homes range from $2,700 to $3,500 a month.
A number of new developments have gone up in recent years, as well. Built in 2013, the Monroe Street Market apartment building in Brookland has climate-controlled units priced from $1,800 a month for a studio to $3,600 for a two-bedroom.
The area's relatively low prices, however, come at a cost. Unlike much of DC proper, it doesn't have the best public transportation options, so most folks drive, Bertini says.
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Miami, FL
Median one-bedroom rent: $1,800
Most affordable neighborhood: Sunset (33173)
Median one-bedroom rent: $1,300
Share of renter households: 28.7%
Apartment complex in Sunset
realtor.com
On a trip through the Miami neighborhood of Sunset, folks will notice the cottages and Mediterranean Revival–style homes that come with big front and back yards, and often have palm trees or bush fences that serve as barriers between the home and the road.
Home prices in Sunset, at a median of $378,700, aren't all that much lower than the overall Miami metro (at $395,100). But renters can get a deal here. The median rent for a one-bedroom in Sunset is $500 lower per month than Miami as a whole. For example, this 700-square-foot, one-bedroom apartment in a complex with three pools and four tennis courts is $1,300 a month. A half-hour away, in downtown Miami, similar units are priced over $2,500. Yikes.
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Atlanta, GA
Median one-bedroom rent: $1,420
Most affordable neighborhood: Doraville (30360)
Median one-bedroom rent: $836
Share of renter households: 43.7%
Jasmine at Winters Chapel Apartment Community
realtor.com
In the 1950s, the community of Doraville saw a housing explosion as Atlanta commuters flocked to the suburb after General Motors built an assembly plant nearby. From 1950 to 1970, the town's population shot from less than 500 to above 9,000-and has climbed to only 10,000 since.
The rentals here are heavy on single-family homes, but there are some recently built homes, too. But most of what renters will find on the market are one-story ranches and Mid-Century Modern homes built during the boom years of the '50s and '60s.
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Boston, MA
Median one-bedroom rent: $2,300
Most affordable neighborhood: Roslindale (02131)
Median one-bedroom rent: $1,600
Share of renter households: 44.9%
Roslindale
NicKafkas/Getty Images
Bostonians looking to get bigger apartments for their growing families are often forced to move way out of the city to find rents within reach. Or they can relocate to Roslindale, a historically Greek community within city limits that's about 30 minutes southwest of downtown.
“This area is probably the last place around here where rents are affordable,”says Rafael Hernandez, a real estate broker at A Plus Realty Group in Boston. “This is as cheap as you can get without having to leave the city.”
Roslindale also has a commuter rail station to whisk workers downtown.
The Roslindale rental market is full of single-family homes and apartment buildings. A two- or three-bedroom home can cost upward of $2,500 a month. However, most new residents go for apartments in the newer buildings, where a two-bedroom will fetch $1,150 to $1,400 a month.
“A bunch of new developments have gone up in the past few years. There are new condos, shops, and restaurants. … They're making it more attractive and giving people more options to walk around,” Hernandez says.
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San Francisco, CA
Median one-bedroom rent: $3,490
Most affordable neighborhood: Parkmerced (94132)
Median one-bedroom rent: $2,588
Share of renter households: 56.4%
Parkmerced in San Francisco
Justin Sullivan/Getty Images
Sitting in the southwest part of San Francisco, Parkmerced is a planned community that dates to the 1940s, with streets dotted with low-rise garden apartment buildings. The community borders the 650-acre Lake Merced Park, popular among boaters and bicyclists.
Apartments here usually range from 500 to 1,400 square feet. Studios are priced at around $2,300 a month, while one-bedroom units can top $2,900. This one-bedroom townhome in Parkmerced is listed at $2,957-and like many of the apartments in Parkmerced, it has the added advantage of being rent-controlled.
Parkmerced hasn't seen much new development in recent years, but that is changing. Earlier this year the community launched a master planned redevelopment, which will add over 5,500 new apartment units in the neighborhood. This includes construction of a 17-story residential building with almost 300 units at 1208 Junipero Serra Blvd., costing around $130 million.
* Citywide median rents in May
** Share of renter households based on U.S. Census Bureau's 2012–16 American Community Survey
Allison Underhill contributed to this report.
The post Rents Are Too Damn High: Where Bargains Lurk Within America's Biggest Cities appeared first on Real Estate News & Insights | realtor.com®.
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Luxury Apartments in Greenway Plaza
Regarding Greenway Plaza
At the center of Houston's finest private market sits Greenway Plaza, a community bordered by first-rate household spaces and retail services. This community is comfortably located five minutes away from both Downtown Houston and The Galleria, in Houston, Texas It is a household location with a successful development of high increase structures and rental workplace areas. With its world-class facilities, Greenway Plaza is the best location to be in the Houston market.
The development spurred by brand-new growths has actually made Greenway Plaza and the bordering locations a force to be believed within the territory of Houston, Texas, areas around Upper Kirby. Just five miles away from Downtown Houston, you are greeted by a countless option of excellent restaurants and fine boutiques. These are additionally a short range from the luxury house residential properties in the neighborhood. Actually, the Greenway Plaza sky line is a remarkable view of Downtown Houston, Texas, from any type of apartment or condo room in the area. The region itself is well-known for the pedestrian-friendly walkways, bridges, and passages that connect the different residential-business-commercial hubs that are central to the plaza.
Since of the distance to the Houston expert scene, you will discover on your own in frequent communication with determined and driven young experts in any one of the countless coffee shops, clubs, and dining establishments. It shares these conference premises with Upper Kirby, with the Oporto Café, Tony's dining establishment, and Kirby's Downing Street Pub as the most popular gastro hubs.
Edwards Greenway Grand Palace Stadium is between Edloe St. and Wesleyan St. and is frequented by Rice University pupils due to its closeness. The latest motion pictures are always playing there, and it presents a wonderful outside enjoyable activity for the entire household.
Why Choose a Luxury Apartment in Greenway Plaza, Houston, Texas.
Well known for its dining establishments, excellent selection of stores and bars, Greenway Plaza has luxury apartments prolonging also right into Richmond Avenue approximately the Buffalo Speedway. The Camden Greenway Apartments and the Metropole Apartments are just 2 of the most eye-catching domestic configurations offered. They have one-of-a-kind car park arrangements that enable citizens to leave their cars exactly on the upper degrees on which their systems are situated, making trips to nearby shopping stalls easy and hassle-free. You can additionally choose from a one-, 2- or three-bedroom apartment. Obviously, let us not neglect that the Upper Kirby social scene is essentially a rock's get rid of from lots of apartments in this neighborhood.
One stop that is almost necessary for all newcomers to Greenway Plaza is the charming Au Petit Paris dining establishment situated in the Upper River Oaks part of community. Right here you will locate an incomparable wine listing which is come before by your made-to-order meal cooked from the food selection produced by French cooks Dominique Bocquier and Eric LeGros. And just what is the judgment?
Greenway Plaza is a community which could be ideal described by its special sense of beauty, style, luxury, and convenience. Greenway Plaza, Houston, takes pride in luxury apartment or condo homes that have thoughtful and intricate layouts, and over-the-top services that provide you the ideal sizable luxury living plan.
Greenway Plaza Luxury Apartments: Your New Home Awaits
A number of the luxury apartments in Greenway Plaza are flawlessly located in proximity to its growing organisation area. They are surrounded by every little thing that any citizen might ask for to live a practical life. This area is surrounded by various other neighborhoods, such as The Galleria, Upper Kirby, River Oaks, and Highland Village.
If you want a way of living that allows you to simply take pleasure in a stroll with the neighborhood, experience an amazing nightlife, and have a preference of great neighborhood food, Greenway Plaza is the location to be. It hosts a wide choice of entertainment, recreational, eating, and shopping destinations. And also a luxury apartment or condo for rental fee or sale that you might call your house.
Right here are several of the very best amenities that you will find in numerous Greenway Plaza Luxury Apartments Houston:
The Greenway Plaza most definitely has it all! This neighborhood is ideal for city occupants who wish to experience comfort, benefit, and luxury all rolled into one
- Resort-style swimming pool
- State-of-the-art health and fitness facilities
- On-site services
- Business Centers
- Strict security
- Lounge locations
- Reserved/Personal garage
- Clothes care center
- Lust courtyards
- High-speed Internet access
Notable Greenway Plaza Spots for Residents
- Bella Rinova Spa and Salon: Are you seeming spoiled? The Italian-themed Bella Rinova Salon and Day Spa is your pass to improved wellness and elegance-- and absolutely to a much more serene spirit throughout and after the browse through. There are also excellent hair developers from top beautician colleges under Bell Rinova's use.
- Urban CHEF Cooking Experience: a remarkable culinary experience that ratchets up your food preparation skills utilizing fresh Houston fruit and vegetables. There are also classes for youngsters between 7 and 11 years old. You will come to be fluent in all aspects of appropriate prep work and will certainly pit your abilities versus an experienced chef at the end of the lessons.
- Mia Bella - The restaurant's name could be translated to "My Beautiful." Below, you can make your dining experience enjoyable and intimate with the wonderful mix of American and Italian customs. If you are a wine fan, Mia Bella is your best restaurant, for they additionally have an extensive listing of wines.
- Music Box Theater-- Do you intend to having fun with some great songs and a good laugh? The Music Box Theater provides the Houston target market with relaxing and special comedy acts and tunes that can relieve your minds after a long day at the workplace.
- Honey Art Café-- The love of food and the enthusiasm for art-- these are the components that Rice University graduates and co-owners Lin and Lulu had when they made a decision to open Honey Art Café. From salads and parfaits to citrus tea cakes and fresh fruit shakes, you can go into the all-natural food selection of this cheerful, vibrant and modern space.
If you are seeking a luxury apartment or apartment for rent or sale in an excellent place in the Greenway Plaza and Upper Kirby locations, allow a seasoned and accredited real estate agent from Juvitae Luxury Real Estate lead your choice. We will make sure you locate the ideal fit in town.
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These Cities Are The New Magnets For Millennial Home Buyers
Last fall, Kit Kester, 32, and his wife decided it was time to make the giant leap into first-time homeownership. But they didn’t consider relocating to job-packed San Francisco, breakfast-taco-loving Austin, TX, mustache-obsessed Williamsburg, Brooklyn, or any of the other infamous millennial hotspots across the United States. Instead they centered their search on their hometown of Lincoln, NE. By October, they had purchased a three-bedroom, split-level home in the suburban neighborhood of Highlands for $180,000.
"We got tired of paying rent and throwing money away," says the maintenance supervisor and father of a young child. "And we really liked the idea of having a home for my daughter to grow up in."
Millennials bought 36% of homes last year, the highest share of any generational group, according to the National Association of Realtors®. Of that 36%, 65% went to first-time home buyers. But this vast army of buyers faces some unique challenges in their transition from renters to owners, including crushing debt loads and one of the tightest and most competitive housing markets in history. They may be buying homes in big numbers, but they can’t afford to do so in the nation’s largest, most expensive cities. Instead, many younger buyers are opting for more affordable—and unexpected—parts of the country.
But where? The data team at realtor.com decided to find out where younger Americans make up the largest percentage of purchasers, by looking at who is getting mortgages and where they’re getting ’em.
What we found flies in the face of conventional wisdom.
"At the end of the day, it comes down to what they can afford," says Roger Ma, a real estate agent and owner of Life Laid Out, a New York-based company that helps people reach their financial goals. "They might have started their careers in very expensive metros areas like [Washington] DC or San Francisco. But as they age, they often want to settle down and look for a home in a reasonably priced location."
We used Pew Research Center’s definition of millennials: those born between 1981 and 1996—who are now anywhere from 22 to the ripe old age of 36.Then we calculated the share of buyers within that age group who bought homes over the past 12 months in the 200 largest housing markets.
Now let’s take a tour of the new millennial meccas!
Median home list price: $150,000
Percentage of mortgages issued to millennials*: 57%
Millennials, it’s said, are a generation about instant gratification. They want everything, and they want it now. Broad generalizations, sure, but in Appleton, young home buyers really are focused on having it all.
"They want an updated home, something with a new kitchen, updated bathrooms, and a large yard," says Carolyn Stark, a real estate agent at Keller Williams Fox Cities. "You can see the look on their faces when they see places that have been renovated, and have new flooring and carpet—that makes them happy."
Suburban communities in Appleton with lots of move-in-ready houses, for example in Kimberly, WI, are in high demand. Young buyers with families love the public school system, the short drive from the city center—and the fact that the median home price is an affordable $145,000, according to realtor.com.
There are also plenty of things for the younger crowd to do. You catch them flocking to the Appleton Beer Factory, a brewpub downtown that serves up burgers, fries, and, of course, beer, or boating or jet-skiing on nearby Lake Winnebago.
And the locals aren’t shy around their alcohol. In 2016, 24/7 Wall Street named Appleton the Drunkest City in America—a title that doesn’t seem to bother this crowd much.
Median home list price: $294,000
Percentage of mortgages issued to millennials: 56.9%
Renting in Des Moines isn’t what it use to be—it’s a whole lot more expensive. The median monthly rent price here is now $996, up 6.8% from a year ago, according to the latest U.S. Department of Housing and Urban Development numbers. And so a lot of these buyers have wised up and realized that rent is often higher than a mortgage.
"The cost of a lease keeps going up," says Bryan Curtis, a broker at Attain RE in Des Moines. "People are looking at the grand scheme of things when it comes to their finances, and see [buying a home as] one of the best investments."
Now, Des Moines isn’t exactly cheap. The median home price is a bit higher than the national median of $279,900, according to realtor.com data. But many first-time buyers are taking advantage of federally backed mortgage loans that don’t require the 20% down payment, Curtis says. They can put down as little as 3% if they qualify for the right loans.
That’s not to say that many buyers can’t afford larger down payments. There are plenty of good jobs in the area, including those at Meredith Corp., which, after its purchase of Time, Inc., is now America’s largest magazine publisher. A gig at Progressive Farmer, perhaps?
It’s still affordable to own a home in Iowa. That is what’s driving people here," Curtis says.
Median home list price: $139,500
Percentage of mortgages issued to millennials: 56.8%
For much of the 20th century, Utica was known as the Sin City of the East. The city’s mob oversaw a slew of illegal activities in the area. But the only mob you’ll find in Utica now is the huge number of younger buyers chasing the newest listings in this city about four and a half hours north of New York City.
These days, millennials might know Utica best as the home of one of the worst branches of Dunder Mifflin, the fictional paper company featured on "The Office."
Of the places we ranked, Utica has by far the lowest home price. Around the city’s median price point, you’ll find lots of older, single-family homes in the upstate city’s downtown.
Those willing to drop a bit more cash can get a much swankier home. Take this brick, two-story, four-bedroom home of 2,400 square feet, priced at $297,000. The home has a koi pond and a winding rock pathway that leads right up to the front door.
Median home list price: $376,700
Percentage of mortgages issued to millennials: 56.5%
Most of the places on our list are all about reasonably priced housing. The exception is Provo, where home prices are almost $100,000 more than the national median.
But high prices aren’t locking younger buyers out of the market here, because wages are also good. The city is home to Brigham Young University, Ancestry.com, and plenty of start-ups where computer coders can earn a fine living. That earned the city a spot on our our ranking of top metros for the middle class.
Provo homes cost a bit less than those in nearby Salt Lake City, at a median nearly $394,000. The larger city, about 45 minutes north, was ranked as one of the toughest housing markets for millennials by realtor.com.
Many first-time buyers are moving to more family-friendly, suburban communities like Cedar Hills, around 25 minutes from downtown Provo, where they can snag larger homes. Just look at this 3,400 square-foot, five-bedroom Rambler-style home, priced at $479,000.
And all the 1990s kids who grew up watching "Jurassic Park" over and over are sure to dig (get it?) the dino fossils at the Brigham Young University Museum of Paleontology.
Median home list price: $175,000
Percentage of mortgages issued to millennials: 56.3%
Located on the banks of Lake Superior and in the state of 10,000 Lakes, Duluth is perfect for millennials who want to be far away from city life.
The homes younger buyers are gravitating to reflect that outdoor lifestyle. There are lots of affordable cabins in the woods, or two-story homes on huge sprawling properties with a lake or two in the backyard.
The younger crowd can make good money here. The area is home to one of the Midwest’s largest ports, and it has a strong manufacturing and aviation sector. Lots of big-name engineering firms, like Enbridge and Barr Engineering, have offices here too.
Median home list price: $210,100
Percentage of mortgages issued to millennials: 56.3%
For many Californians or New Yorkers, owning a home by the time they reach 30 can seem like climbing K2. But by that age in Lafayette, buyers have often bought their second home already, says Justin Netterville, a local real estate agent at Rome Realty.
"They want open floor plans, everything updated over [the last] five years, granite countertops, and 1,700 to 2,200 square feet, because they probably have two kids at that point," he says. And they can get it without breaking the bank.
The area has lots of oil field and machine shop jobs that pay entry-level wages of between $30,000 to $50,000—enough in this market to qualify for a first-time mortgage. But buyers had better be quick. One-story ranches in the suburbs for under $200,000 are moving off the market at a rapid pace, Netterville says.
Lafayette offers things for families to do as well. To escape the summer heat, residents can stop by the family-fave Borden’s Ice Cream. And it wouldn’t be Louisiana without a few alligator exhibits, like the one on the campus of the University of Louisiana at Lafayette. Full disclosure: In 2016 one these critters escaped and took a stroll around campus.
Median home list price: $275,000
Percentage of mortgages issued to millennials: 56%
Lancaster’s location, about an hour and a half from Philadelphia and just over two hours from NYC and DC, makes it appealing for buyers fleeing those higher-priced cities. However, these transplants are still city folk at heart, so they’re often buying homes downtown.
"It feels like half of New York is moving here, because everything there is so darn expensive," says Darrell Coyle, a local real estate agent at Charles & Associates. "They can’t get a doghouse in New York for the price [of Lancaster homes]."
These buyers want town homes with character built in the early 1900s, Coyle says.
"The younger folks want to live in the historic district and walk to the nightlife, great restaurants, and shopping," Coyle says of the downtown, which is undergoing a resurgence. "The city has rooftop bars with grass yards that overlook the city."
Just outside the city is the country’s oldest Amish settlement. Locals can stop by and snag the best Whoopie Pie of their lives—a treat some claim originated in Lancaster County. Just be mindful of the horses and buggies.
Median home list price: $245,100
Percentage of mortgages issued to millennials: 55.5%
Lovers of Starbucks’ Peppermint Mocha can thank Kalamazoo for those minty, buzzy beverages. In the late 19th century, Albert Todd (aka the Peppermint King of Kalamazoo,) refined peppermint flavoring. But nowadays, the region is leading the pack for something just as sweet: homeownership.
Millennials here are snapping up homes left and right. Some of that is due to the fact that the increasing rents have made homeownership ever more appealing. (The median monthly rent climbed to $936, up 4.1% from a year ago, according to the U.S. Department of Housing and Urban Development).
But that’s not all. Homes here are reasonably priced, and the huge life sciences industry—pharmaceuticals, biotechnology, and biomedical firms— put these millennials in a position to afford them.
Some of the younger folks also may have larger down payments thanks to the Kalamazoo Promise. It covers up to 100% of tuition and fees for locals to attend public colleges in the state—a great deal for those who don’t want to rack up student loan debt.
Median home list price: $313,800
Percentage of mortgages issued to millennials: 55.4%
Many young people here are in a good place to transition to homeownership, particularly if they work in the region’s burgeoning tech hub. Lincoln and other Midwest cities, like the Omaha area, have gained the nickname Silicon Prairie, thanks to schools like the University of Nebraska-Lincoln churning out skilled graduates.
That’s partly behind the uptick in millennials closing on homes of their own, says Mark Meierdierks, a real estate agent at Nebraska Realty.
Many are trying to buy in neighborhoods like Highlands, about a 15-minute commute from downtown. It’s filled with both one-story ranches and two-story split-level homes. Most of the community’s homes were built in the 1970s and ’80s, and if the home has been remodeled, it will catch this age group’s attention, Meierdierks says.
"Their parents had a good house, so they want what their parents had, and they can afford to buy it now," Meierdierks says. "They want to live the American dream."
Median home list price: $170,800
Percentage of mortgages issued to millennials: 55.2%
Evansville is located right on the banks of the Ohio River in southern Indiana. The downtown is full of single-family homes that date back about 100 years, many with views of the river that weaves through the region. There are plenty of new or newly remodeled homes, too, with the open designs that millennial buyers crave.
The strong economy has put cash in the hands of younger folks here. The region is the headquarters for companies like Accuride Corporation, a vehicle components supplier, and Berry Global, a Fortune 500 plastic packaging maker.
"Evansville is a very affordable city," says local real estate agent Trae Dauby of Keller Williams Capital Realty. "The bulk of our buyers right now are first-time home buyers, probably between the ages of 22 and 35."
They’re typically local couples scooping up two- and three-bedroom houses on the suburban outskirts of the city, he says.
Buyers with some cash left over can head over to the Tropicana Evansville, a 45,000-square-foot casino in downtown. And sports fans can root for one of the local teams, like the Evansville Thunderbolts, a minor league hockey team, or the city’s minor league baseball team. Go, Otters!
* Calculated using using Optimal Blue mortgage data.
This article, "Forget SF, Goodbye NYC! You Won’t Believe the New Millennial Magnets for Home Buyers" appeared first on Real Estate News and Insights from realtor.com.
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Glendover Park Ph I Homes For Sale & Actual Property Allen, Tx
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Forget SF, Goodbye NYC! You Won’t Believe the New Millennial Magnets for Home Buyers
iStock; realtor.com
Last fall, Kit Kester, 32, and his wife decided it was time to make the giant leap into first-time homeownership. But they didn’t consider relocating to job-packed San Francisco, breakfast-taco-loving Austin, TX, mustache-obsessed Williamsburg, Brooklyn, or any of the other infamous millennial hotspots across the United States. Instead they centered their search on their hometown of Lincoln, NE. By October, they had purchased a three-bedroom, split-level home in the suburban neighborhood of Highlands for $180,000.
“We got tired of paying rent and throwing money away,” says the maintenance supervisor and father of a young child. “And we really liked the idea of having a home for my daughter to grow up in.”
Millennials bought 36% of homes last year, the highest share of any generational group, according to the National Association of Realtors®. Of that 36%, 65% went to first-time home buyers. But this vast army of buyers faces some unique challenges in their transition from renters to owners, including crushing debt loads and one of the tightest and most competitive housing markets in history. They may be buying homes in big numbers, but they can’t afford to do so in the nation’s largest, most expensive cities. Instead, many younger buyers are opting for more affordable—and unexpected—parts of the country.
But where? The data team at realtor.com decided to find out where younger Americans make up the largest percentage of purchasers, by looking at who is getting mortgages and where they’re getting ’em.
What we found flies in the face of conventional wisdom.
“At the end of the day, it comes down to what they can afford,” says Roger Ma, a real estate agent and owner of Life Laid Out, a New York-based company that helps people reach their financial goals. “They might have started their careers in very expensive metros areas like [Washington] DC or San Francisco. But as they age, they often want to settle down and look for a home in a reasonably priced location.”
We used Pew Research Center’s definition of millennials: those born between 1981 and 1996—who are now anywhere from 22 to the ripe old age of 36.Then we calculated the share of buyers within that age group who bought homes over the past 12 months in the 200 largest housing markets.
Now let’s take a tour of the new millennial meccas!
Largest share of millennial mortgages
Tony Frenzel
1. Appleton, WI
Median home list price: $150,000
Percentage of mortgages issued to millennials*: 57%
Appleton, WI
DenisTangneyJr/iStock
Millennials, it’s said, are a generation about instant gratification. They want everything, and they want it now. Broad generalizations, sure, but in Appleton, young home buyers really are focused on having it all.
“They want an updated home, something with a new kitchen, updated bathrooms, and a large yard,” says Carolyn Stark, a real estate agent at Keller Williams Fox Cities. “You can see the look on their faces when they see places that have been renovated, and have new flooring and carpet—that makes them happy.”
Suburban communities in Appleton with lots of move-in-ready houses, for example in Kimberly, WI, are in high demand. Young buyers with families love the public school system, the short drive from the city center—and the fact that the median home price is an affordable $145,000, according to realtor.com.
There are also plenty of things for the younger crowd to do. You catch them flocking to the Appleton Beer Factory, a brewpub downtown that serves up burgers, fries, and, of course, beer, or boating or jet-skiing on nearby Lake Winnebago.
And the locals aren’t shy around their alcohol. In 2016, 24/7 Wall Street named Appleton the Drunkest City in America—a title that doesn’t seem to bother this crowd much.
2. Des Moines, IA
Median home list price: $294,000
Percentage of mortgages issued to millennials: 56.9%
Des Moines, IA
Davel5957/iStock
Renting in Des Moines isn’t what it use to be—it’s a whole lot more expensive. The median monthly rent price here is now $996, up 6.8% from a year ago, according to the latest U.S. Department of Housing and Urban Development numbers. And so a lot of these buyers have wised up and realized that rent is often higher than a mortgage.
“The cost of a lease keeps going up,” says Bryan Curtis, a broker at Attain RE in Des Moines. “People are looking at the grand scheme of things when it comes to their finances, and see [buying a home as] one of the best investments.”
Now, Des Moines isn’t exactly cheap. The median home price is a bit higher than the national median of $279,900, according to realtor.com data. But many first-time buyers are taking advantage of federally backed mortgage loans that don’t require the 20% down payment, Curtis says. They can put down as little as 3% if they qualify for the right loans.
That’s not to say that many buyers can’t afford larger down payments. There are plenty of good jobs in the area, including those at Meredith Corp., which, after its purchase of Time, Inc., is now America’s largest magazine publisher. A gig at Progressive Farmer, perhaps?
“It’s still affordable to own a home in Iowa. That is what’s driving people here,” Curtis says.
3. Utica, NY
Median home list price: $139,500
Percentage of mortgages issued to millennials: 56.8%
Utica, NY
DenisTangneyJr/iStock
For much of the 20th century, Utica was known as the Sin City of the East. The city’s mob oversaw a slew of illegal activities in the area. But the only mob you’ll find in Utica now is the huge number of younger buyers chasing the newest listings in this city about four and a half hours north of New York City.
These days, millennials might know Utica best as the home of one of the worst branches of Dunder Mifflin, the fictional paper company featured on “The Office.”
Of the places we ranked, Utica has by far the lowest home price. Around the city’s median price point, you’ll find lots of older, single-family homes in the upstate city’s downtown.
Those willing to drop a bit more cash can get a much swankier home. Take this brick, two-story, four-bedroom home of 2,400 square feet, priced at $297,000. The home has a koi pond and a winding rock pathway that leads right up to the front door.
4. Provo, UT
Median home list price: $376,700
Percentage of mortgages issued to millennials: 56.5%
Provo, UT
DenisTangneyJr/iStock
Most of the places on our list are all about reasonably priced housing. The exception is Provo, where home prices are almost $100,000 more than the national median.
But high prices aren’t locking younger buyers out of the market here, because wages are also good. The city is home to Brigham Young University, Ancestry.com, and plenty of start-ups where computer coders can earn a fine living. That earned the city a spot on our our ranking of top metros for the middle class.
Provo homes cost a bit less than those in nearby Salt Lake City, at a median nearly $394,000. The larger city, about 45 minutes north, was ranked as one of the toughest housing markets for millennials by realtor.com.
Many first-time buyers are moving to more family-friendly, suburban communities like Cedar Hills, around 25 minutes from downtown Provo, where they can snag larger homes. Just look at this 3,400 square-foot, five-bedroom Rambler-style home, priced at $479,000.
And all the 1990s kids who grew up watching “Jurassic Park” over and over are sure to dig (get it?) the dino fossils at the Brigham Young University Museum of Paleontology.
5. Duluth, MN
Median home list price: $175,000
Percentage of mortgages issued to millennials: 56.3%
Duluth, MN
Jacob Boomsma/iStock
Located on the banks of Lake Superior and in the state of 10,000 Lakes, Duluth is perfect for millennials who want to be far away from city life.
The homes younger buyers are gravitating to reflect that outdoor lifestyle. There are lots of affordable cabins in the woods, or two-story homes on huge sprawling properties with a lake or two in the backyard.
The younger crowd can make good money here. The area is home to one of the Midwest’s largest ports, and it has a strong manufacturing and aviation sector. Lots of big-name engineering firms, like Enbridge and Barr Engineering, have offices here too.
6. Lafayette, LA
Median home list price: $210,100
Percentage of mortgages issued to millennials: 56.3%
Lafayette, LA
lucentius/iStock
For many Californians or New Yorkers, owning a home by the time they reach 30 can seem like climbing K2. But by that age in Lafayette, buyers have often bought their second home already, says Justin Netterville, a local real estate agent at Rome Realty.
“They want open floor plans, everything updated over [the last] five years, granite countertops, and 1,700 to 2,200 square feet, because they probably have two kids at that point,” he says. And they can get it without breaking the bank.
The area has lots of oil field and machine shop jobs that pay entry-level wages of between $30,000 to $50,000—enough in this market to qualify for a first-time mortgage. But buyers had better be quick. One-story ranches in the suburbs for under $200,000 are moving off the market at a rapid pace, Netterville says.
Lafayette offers things for families to do as well. To escape the summer heat, residents can stop by the family-fave Borden’s Ice Cream. And it wouldn’t be Louisiana without a few alligator exhibits, like the one on the campus of the University of Louisiana at Lafayette. Full disclosure: In 2016 one these critters escaped and took a stroll around campus.
7. Lancaster, PA
Median home list price: $275,000
Percentage of mortgages issued to millennials: 56%
Lancaster, PA
DenisTangneyJr/iStock
Lancaster’s location, about an hour and a half from Philadelphia and just over two hours from NYC and DC, makes it appealing for buyers fleeing those higher-priced cities. However, these transplants are still city folk at heart, so they’re often buying homes downtown.
“It feels like half of New York is moving here, because everything there is so darn expensive,” says Darrell Coyle, a local real estate agent at Charles & Associates. “They can’t get a doghouse in New York for the price [of Lancaster homes].”
These buyers want townhomes with character built in the early 1900s, Coyle says.
“The younger folks want to live in the historic district and walk to the nightlife, great restaurants, and shopping,” Coyle says of the downtown, which is undergoing a resurgence. “The city has rooftop bars with grass yards that overlook the city.”
Just outside the city is the country’s oldest Amish settlement. Locals can stop by and snag the best Whoopie Pie of their lives—a treat some claim originated in Lancaster County. Just be mindful of the horses and buggies.
8. Kalamazoo, MI
Median home list price: $245,100
Percentage of mortgages issued to millennials: 55.5%
Kalamazoo, MI
DenisTangneyJr/iStock
Lovers of Starbucks’ Peppermint Mocha can thank Kalamazoo for those minty, buzzy beverages. In the late 19th century, Albert Todd (aka the Peppermint King of Kalamazoo,) refined peppermint flavoring. But nowadays, the region is leading the pack for something just as sweet: homeownership.
Millennials here are snapping up homes left and right. Some of that is due to the fact that the increasing rents have made homeownership ever more appealing. (The median monthly rent climbed to $936, up 4.1% from a year ago, according to the U.S. Department of Housing and Urban Development).
But that’s not all. Homes here are reasonably priced, and the huge life sciences industry—pharmaceuticals, biotechnology, and biomedical firms— put these millennials in a position to afford them.
Some of the younger folks also may have larger down payments thanks to the Kalamazoo Promise. It covers up to 100% of tuition and fees for locals to attend public colleges in the state—a great deal for those who don’t want to rack up student loan debt.
9. Lincoln, NE
Median home list price: $313,800
Percentage of mortgages issued to millennials: 55.4%
Lincoln, NE
RiverNorthPhotography/iStock
Many young people here are in a good place to transition to homeownership, particularly if they work in the region’s burgeoning tech hub. Lincoln and other Midwest cities, like the Omaha area, have gained the nickname Silicon Prairie, thanks to schools like the University of Nebraska-Lincoln churning out skilled graduates.
That’s partly behind the uptick in millennials closing on homes of their own, says Mark Meierdierks, a real estate agent at Nebraska Realty.
Many are trying to buy in neighborhoods like Highlands, about a 15-minute commute from downtown. It’s filled with both one-story ranches and two-story split-level homes. Most of the community’s homes were built in the 1970s and ’80s, and if the home has been remodeled, it will catch this age group’s attention, Meierdierks says.
“Their parents had a good house, so they want what their parents had, and they can afford to buy it now,” Meierdierks says. “They want to live the American dream.”
10. Evansville, IN
Median home list price: $170,800
Percentage of mortgages issued to millennials: 55.2%
Evansville, IN
DenisTangneyJr/iStock
Evansville is located right on the banks of the Ohio River in southern Indiana. The downtown is full of single-family homes that date back about 100 years, many with views of the river that weaves through the region. There are plenty of new or newly remodeled homes, too, with the open designs that millennial buyers crave.
The strong economy has put cash in the hands of younger folks here. The region is the headquarters for companies like Accuride Corporation, a vehicle components supplier, and Berry Global, a Fortune 500 plastic packaging maker.
“Evansville is a very affordable city,” says local real estate agent Trae Dauby of Keller Williams Capital Realty. “The bulk of our buyers right now are first-time home buyers, probably between the ages of 22 and 35.”
They’re typically local couples scooping up two- and three-bedroom houses on the suburban outskirts of the city, he says.
Buyers with some cash left over can head over to the Tropicana Evansville, a 45,000-square-foot casino in downtown. And sports fans can root for one of the local teams, like the Evansville Thunderbolts, a minor league hockey team, or the city’s minor league baseball team. Go, Otters!
* Calculated using using Optimal Blue mortgage data.
The post Forget SF, Goodbye NYC! You Won’t Believe the New Millennial Magnets for Home Buyers appeared first on Real Estate News & Insights | realtor.com®.
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Forget SF, Goodbye NYC! You Won’t Believe the New Millennial Magnets for Home Buyers
iStock; realtor.com
Last fall, Kit Kester, 32, and his wife decided it was time to make the giant leap into first-time homeownership. But they didn’t consider relocating to job-packed San Francisco, breakfast-taco-loving Austin, TX, mustache-obsessed Williamsburg, Brooklyn, or any of the other infamous millennial hotspots across the United States. Instead they centered their search on their hometown of Lincoln, NE. By October, they had purchased a three-bedroom, split-level home in the suburban neighborhood of Highlands for $180,000.
“We got tired of paying rent and throwing money away,” says the maintenance supervisor and father of a young child. “And we really liked the idea of having a home for my daughter to grow up in.”
Millennials bought 36% of homes last year, the highest share of any generational group, according to the National Association of Realtors®. Of that 36%, 65% went to first-time home buyers. But this vast army of buyers faces some unique challenges in their transition from renters to owners, including crushing debt loads and one of the tightest and most competitive housing markets in history. They may be buying homes in big numbers, but they can’t afford to do so in the nation’s largest, most expensive cities. Instead, many younger buyers are opting for more affordable—and unexpected—parts of the country.
But where? The data team at realtor.com decided to find out where younger Americans make up the largest percentage of purchasers, by looking at who is getting mortgages and where they’re getting ’em.
What we found flies in the face of conventional wisdom.
“At the end of the day, it comes down to what they can afford,” says Roger Ma, a real estate agent and owner of Life Laid Out, a New York-based company that helps people reach their financial goals. “They might have started their careers in very expensive metros areas like [Washington] DC or San Francisco. But as they age, they often want to settle down and look for a home in a reasonably priced location.”
We used Pew Research Center’s definition of millennials: those born between 1981 and 1996—who are now anywhere from 22 to the ripe old age of 36.Then we calculated the share of buyers within that age group who bought homes over the past 12 months in the 200 largest housing markets.
Now let’s take a tour of the new millennial meccas!
Largest share of millennial mortgages
Tony Frenzel
1. Appleton, WI
Median home list price: $150,000
Percentage of mortgages issued to millennials*: 57%
Appleton, WI
DenisTangneyJr/iStock
Millennials, it’s said, are a generation about instant gratification. They want everything, and they want it now. Broad generalizations, sure, but in Appleton, young home buyers really are focused on having it all.
“They want an updated home, something with a new kitchen, updated bathrooms, and a large yard,” says Carolyn Stark, a real estate agent at Keller Williams Fox Cities. “You can see the look on their faces when they see places that have been renovated, and have new flooring and carpet—that makes them happy.”
Suburban communities in Appleton with lots of move-in-ready houses, for example in Kimberly, WI, are in high demand. Young buyers with families love the public school system, the short drive from the city center—and the fact that the median home price is an affordable $145,000, according to realtor.com.
There are also plenty of things for the younger crowd to do. You catch them flocking to the Appleton Beer Factory, a brewpub downtown that serves up burgers, fries, and, of course, beer, or boating or jet-skiing on nearby Lake Winnebago.
And the locals aren’t shy around their alcohol. In 2016, 24/7 Wall Street named Appleton the Drunkest City in America—a title that doesn’t seem to bother this crowd much.
2. Des Moines, IA
Median home list price: $294,000
Percentage of mortgages issued to millennials: 56.9%
Des Moines, IA
Davel5957/iStock
Renting in Des Moines isn’t what it use to be—it’s a whole lot more expensive. The median monthly rent price here is now $996, up 6.8% from a year ago, according to the latest U.S. Department of Housing and Urban Development numbers. And so a lot of these buyers have wised up and realized that rent is often higher than a mortgage.
“The cost of a lease keeps going up,” says Bryan Curtis, a broker at Attain RE in Des Moines. “People are looking at the grand scheme of things when it comes to their finances, and see [buying a home as] one of the best investments.”
Now, Des Moines isn’t exactly cheap. The median home price is a bit higher than the national median of $279,900, according to realtor.com data. But many first-time buyers are taking advantage of federally backed mortgage loans that don’t require the 20% down payment, Curtis says. They can put down as little as 3% if they qualify for the right loans.
That’s not to say that many buyers can’t afford larger down payments. There are plenty of good jobs in the area, including those at Meredith Corp., which, after its purchase of Time, Inc., is now America’s largest magazine publisher. A gig at Progressive Farmer, perhaps?
“It’s still affordable to own a home in Iowa. That is what’s driving people here,” Curtis says.
3. Utica, NY
Median home list price: $139,500
Percentage of mortgages issued to millennials: 56.8%
Utica, NY
DenisTangneyJr/iStock
For much of the 20th century, Utica was known as the Sin City of the East. The city’s mob oversaw a slew of illegal activities in the area. But the only mob you’ll find in Utica now is the huge number of younger buyers chasing the newest listings in this city about four and a half hours north of New York City.
These days, millennials might know Utica best as the home of one of the worst branches of Dunder Mifflin, the fictional paper company featured on “The Office.”
Of the places we ranked, Utica has by far the lowest home price. Around the city’s median price point, you’ll find lots of older, single-family homes in the upstate city’s downtown.
Those willing to drop a bit more cash can get a much swankier home. Take this brick, two-story, four-bedroom home of 2,400 square feet, priced at $297,000. The home has a koi pond and a winding rock pathway that leads right up to the front door.
4. Provo, UT
Median home list price: $376,700
Percentage of mortgages issued to millennials: 56.5%
Provo, UT
DenisTangneyJr/iStock
Most of the places on our list are all about reasonably priced housing. The exception is Provo, where home prices are almost $100,000 more than the national median.
But high prices aren’t locking younger buyers out of the market here, because wages are also good. The city is home to Brigham Young University, Ancestry.com, and plenty of start-ups where computer coders can earn a fine living. That earned the city a spot on our our ranking of top metros for the middle class.
Provo homes cost a bit less than those in nearby Salt Lake City, at a median nearly $394,000. The larger city, about 45 minutes north, was ranked as one of the toughest housing markets for millennials by realtor.com.
Many first-time buyers are moving to more family-friendly, suburban communities like Cedar Hills, around 25 minutes from downtown Provo, where they can snag larger homes. Just look at this 3,400 square-foot, five-bedroom Rambler-style home, priced at $479,000.
And all the 1990s kids who grew up watching “Jurassic Park” over and over are sure to dig (get it?) the dino fossils at the Brigham Young University Museum of Paleontology.
5. Duluth, MN
Median home list price: $175,000
Percentage of mortgages issued to millennials: 56.3%
Duluth, MN
Jacob Boomsma/iStock
Located on the banks of Lake Superior and in the state of 10,000 Lakes, Duluth is perfect for millennials who want to be far away from city life.
The homes younger buyers are gravitating to reflect that outdoor lifestyle. There are lots of affordable cabins in the woods, or two-story homes on huge sprawling properties with a lake or two in the backyard.
The younger crowd can make good money here. The area is home to one of the Midwest’s largest ports, and it has a strong manufacturing and aviation sector. Lots of big-name engineering firms, like Enbridge and Barr Engineering, have offices here too.
6. Lafayette, LA
Median home list price: $210,100
Percentage of mortgages issued to millennials: 56.3%
Lafayette, LA
lucentius/iStock
For many Californians or New Yorkers, owning a home by the time they reach 30 can seem like climbing K2. But by that age in Lafayette, buyers have often bought their second home already, says Justin Netterville, a local real estate agent at Rome Realty.
“They want open floor plans, everything updated over [the last] five years, granite countertops, and 1,700 to 2,200 square feet, because they probably have two kids at that point,” he says. And they can get it without breaking the bank.
The area has lots of oil field and machine shop jobs that pay entry-level wages of between $30,000 to $50,000—enough in this market to qualify for a first-time mortgage. But buyers had better be quick. One-story ranches in the suburbs for under $200,000 are moving off the market at a rapid pace, Netterville says.
Lafayette offers things for families to do as well. To escape the summer heat, residents can stop by the family-fave Borden’s Ice Cream. And it wouldn’t be Louisiana without a few alligator exhibits, like the one on the campus of the University of Louisiana at Lafayette. Full disclosure: In 2016 one these critters escaped and took a stroll around campus.
7. Lancaster, PA
Median home list price: $275,000
Percentage of mortgages issued to millennials: 56%
Lancaster, PA
DenisTangneyJr/iStock
Lancaster’s location, about an hour and a half from Philadelphia and just over two hours from NYC and DC, makes it appealing for buyers fleeing those higher-priced cities. However, these transplants are still city folk at heart, so they’re often buying homes downtown.
“It feels like half of New York is moving here, because everything there is so darn expensive,” says Darrell Coyle, a local real estate agent at Charles & Associates. “They can’t get a doghouse in New York for the price [of Lancaster homes].”
These buyers want townhomes with character built in the early 1900s, Coyle says.
“The younger folks want to live in the historic district and walk to the nightlife, great restaurants, and shopping,” Coyle says of the downtown, which is undergoing a resurgence. “The city has rooftop bars with grass yards that overlook the city.”
Just outside the city is the country’s oldest Amish settlement. Locals can stop by and snag the best Whoopie Pie of their lives—a treat some claim originated in Lancaster County. Just be mindful of the horses and buggies.
8. Kalamazoo, MI
Median home list price: $245,100
Percentage of mortgages issued to millennials: 55.5%
Kalamazoo, MI
DenisTangneyJr/iStock
Lovers of Starbucks’ Peppermint Mocha can thank Kalamazoo for those minty, buzzy beverages. In the late 19th century, Albert Todd (aka the Peppermint King of Kalamazoo,) refined peppermint flavoring. But nowadays, the region is leading the pack for something just as sweet: homeownership.
Millennials here are snapping up homes left and right. Some of that is due to the fact that the increasing rents have made homeownership ever more appealing. (The median monthly rent climbed to $936, up 4.1% from a year ago, according to the U.S. Department of Housing and Urban Development).
But that’s not all. Homes here are reasonably priced, and the huge life sciences industry—pharmaceuticals, biotechnology, and biomedical firms— put these millennials in a position to afford them.
Some of the younger folks also may have larger down payments thanks to the Kalamazoo Promise. It covers up to 100% of tuition and fees for locals to attend public colleges in the state—a great deal for those who don’t want to rack up student loan debt.
9. Lincoln, NE
Median home list price: $313,800
Percentage of mortgages issued to millennials: 55.4%
Lincoln, NE
RiverNorthPhotography/iStock
Many young people here are in a good place to transition to homeownership, particularly if they work in the region’s burgeoning tech hub. Lincoln and other Midwest cities, like the Omaha area, have gained the nickname Silicon Prairie, thanks to schools like the University of Nebraska-Lincoln churning out skilled graduates.
That’s partly behind the uptick in millennials closing on homes of their own, says Mark Meierdierks, a real estate agent at Nebraska Realty.
Many are trying to buy in neighborhoods like Highlands, about a 15-minute commute from downtown. It’s filled with both one-story ranches and two-story split-level homes. Most of the community’s homes were built in the 1970s and ’80s, and if the home has been remodeled, it will catch this age group’s attention, Meierdierks says.
“Their parents had a good house, so they want what their parents had, and they can afford to buy it now,” Meierdierks says. “They want to live the American dream.”
10. Evansville, IN
Median home list price: $170,800
Percentage of mortgages issued to millennials: 55.2%
Evansville, IN
DenisTangneyJr/iStock
Evansville is located right on the banks of the Ohio River in southern Indiana. The downtown is full of single-family homes that date back about 100 years, many with views of the river that weaves through the region. There are plenty of new or newly remodeled homes, too, with the open designs that millennial buyers crave.
The strong economy has put cash in the hands of younger folks here. The region is the headquarters for companies like Accuride Corporation, a vehicle components supplier, and Berry Global, a Fortune 500 plastic packaging maker.
“Evansville is a very affordable city,” says local real estate agent Trae Dauby of Keller Williams Capital Realty. “The bulk of our buyers right now are first-time home buyers, probably between the ages of 22 and 35.”
They’re typically local couples scooping up two- and three-bedroom houses on the suburban outskirts of the city, he says.
Buyers with some cash left over can head over to the Tropicana Evansville, a 45,000-square-foot casino in downtown. And sports fans can root for one of the local teams, like the Evansville Thunderbolts, a minor league hockey team, or the city’s minor league baseball team. Go, Otters!
* Calculated using using Optimal Blue mortgage data.
The post Forget SF, Goodbye NYC! You Won’t Believe the New Millennial Magnets for Home Buyers appeared first on Real Estate News & Insights | realtor.com®.
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