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Where Are Millennials Buying Homes?

Monday, June 06, 2016   /   by Jason Huerkamp

Where Are Millennials Buying Homes?

According to a report from the National Association of Realtors (NAR), Millennials are buying in Minneapolis, Minnesota, and infact it's one of the top 10 hottest markets in the country for Millennials to realize their dreams of owning a home. The rest of the top 10 list include, Austin TX, Denver Co, Charleston SC, Portland Oregon, Ogden Utah, Raleigh NC, Salt Lake City UT, Seattle WA, and Washington DC. Read the full Report here


RET Millennials.jpg

So why are millennials choosing these cities to live in and buy homes in? It's all about the great lifestyle opportunities, supported by a good earning potential and the possibility to own homes to suit their needs within their financial means. The best of both worlds. 

As rentals rise, the interest rates are still affordable and homes are becoming more of a reality. Millennials, according to the NAR report, are earning more, they are possibly settling down and with disposable income at their fingertips. They may have the need to move away from ever increasing rentals and possibly establishing roots in a more secure investment into the future.

When purchasing a home in a hot housing market here are a few tips for you, whether you are millennials or not

  • Don't spend too much time window shopping - its important to look and evaluate, but don't miss the market
  • Definitely get pre-qualified - it's important to be able to act immediately when finding that home, particularly in the summer buying frenzy, else you will find yourself losing out on your dream home and being disappointed every time
  • Make a list of definite "must haves" when you are out shopping for that perfect home - then have a secondary list of "would be nice" and when you find that home that meets your list and maybe a few off your secondary list, buy it straight away
  • Be prepared to lose a few bids in this hot market - be guided by your real estate agent

It is important to have the right team working with you and for you, when you are looking to purchase a home

When it comes to buying or selling a home, the Huerkamp Team have the experience and the know how. 

The Huerkamp Team are your real estate specialists in the Twin Cities and surrounding communities of Minnesota. We are ranked in the top 1% of agents nationwide! The Team is dedicated and experienced in the Twin Cities real estate market and look forward to being your real estate time for life! You will have a great experience buying or selling real estate. 


Find Your Minneapolis Home Up to $500,000

Highest Price
Any
1149 Cedar View Dr, Minneapolis, MN 55405
21Active
  • 5
    Beds
  • 3
    Baths
  • 2,688
    SqFt
1149 Cedar View Dr, Minneapolis, MN 55405$500,000
Listing Provided By Edina Realty
5200 Nicollet Ave S, Minneapolis, MN 55419
17Active
  • 6
    Beds
  • 4
    Baths
  • 2,532
    SqFt
5200 Nicollet Ave S, Minneapolis, MN 55419$499,999
Listing Provided By RE/MAX Results
3113 Humboldt Ave S, Minneapolis, MN 55408
18Active
  • 3
    Beds
  • 2
    Baths
  • 2,550
    SqFt
3113 Humboldt Ave S, Minneapolis, MN 55408$499,900
Listing Provided By Coldwell Banker Burnet
638 Main St NE, Minneapolis, MN 55413
17Active
  • 4
    Beds
  • 4
    Baths
  • 3,342
    SqFt
638 Main St NE, Minneapolis, MN 55413$499,900
Listing Provided By The Realty House
4912 Garfield Ave, Minneapolis, MN 55419
16Active
  • 3
    Beds
  • 3
    Baths
  • 1,951
    SqFt
4912 Garfield Ave, Minneapolis, MN 55419$499,900
Listing Provided By Buyself
4453 43rd Ave S, Minneapolis, MN 55406
17Active
  • 3
    Beds
  • 3
    Baths
  • 2,296
    SqFt
4453 43rd Ave S, Minneapolis, MN 55406$499,900
Listing Provided By Luke Team Real Estate
5315 Elliot Ave, Minneapolis, MN 55417
4Active
  • 3
    Beds
  • 3
    Baths
  • 1,800
    SqFt
5315 Elliot Ave, Minneapolis, MN 55417$499,900
Listing Provided By Coldwell Banker Burnet
5245 Ewing Ave S, Minneapolis, MN 55410
17Active
  • 3
    Beds
  • 2
    Baths
  • 2,609
    SqFt
5245 Ewing Ave S, Minneapolis, MN 55410$499,900
Listing Provided By RE/MAX Results
1601 Park Ave, Minneapolis, MN 55404
18Active
  • 5
    Beds
  • 3
    Baths
  • 3,810
    SqFt
1601 Park Ave, Minneapolis, MN 55404$499,900
Listing Provided By Northern Lights Realty
500 E Grant St 102, Minneapolis, MN 55404
18Active
  • 2
    Beds
  • 2
    Baths
  • 1,532
    SqFt
500 E Grant St 102, Minneapolis, MN 55404$499,900
Listing Provided By Coldwell Banker Burnet
126 W 49th St, Minneapolis, MN 55419
24Active
  • 3
    Beds
  • 2
    Baths
  • 2,067
    SqFt
126 W 49th St, Minneapolis, MN 55419$495,000
Listing Provided By Easy Street Realty Minnesota
3915 Thomas Ave S, Minneapolis, MN 55410
19Active
  • 4
    Beds
  • 3
    Baths
  • 2,308
    SqFt
3915 Thomas Ave S, Minneapolis, MN 55410$495,000
Listing Provided By Lakes Sotheby's International
4920 Xerxes Ave S, Minneapolis, MN 55410
23Active
  • 4
    Beds
  • 2
    Baths
  • 1,120
    SqFt
4920 Xerxes Ave S, Minneapolis, MN 55410$495,000
Listing Provided By Coldwell Banker Burnet
5024 Oliver Ave S, Minneapolis, MN 55419
21Active
  • 3
    Beds
  • 3
    Baths
  • 1,730
    SqFt
5024 Oliver Ave S, Minneapolis, MN 55419$489,900
Listing Provided By Bridge Realty
3353 University Ave SE, Minneapolis, MN 55414
1Active
  • 0
    Beds
  • 0
    Baths
  • n/a
    SqFt
3353 University Ave SE, Minneapolis, MN 55414$489,000
Listing Provided By Windsong Realty
4452 41st Ave S, Minneapolis, MN 55406
3Active
  • 4
    Beds
  • 3
    Baths
  • 2,200
    SqFt
4452 41st Ave S, Minneapolis, MN 55406$489,000
Listing Provided By Edlich Realty & Associates
2107 Chicago Ave, Minneapolis, MN 55404
2Active
  • 6
    Beds
  • 2
    Baths
  • 2,688
    SqFt
2107 Chicago Ave, Minneapolis, MN 55404$487,900
Listing Provided By Anchor Realty Ltd
5001 Colfax Ave S, Minneapolis, MN 55419
18Active
  • 4
    Beds
  • 3
    Baths
  • 2,911
    SqFt
5001 Colfax Ave S, Minneapolis, MN 55419$479,900
Listing Provided By Keller Williams Premier Realty
5037 Sheridan Ave S, Minneapolis, MN 55410
1Active
  • 0
    Beds
  • 0
    Baths
  • n/a
    SqFt
5037 Sheridan Ave S, Minneapolis, MN 55410$475,000
Listing Provided By Coldwell Banker Burnet
4134 42nd Ave S, Minneapolis, MN 55406
4Active
  • 4
    Beds
  • 3
    Baths
  • 2,176
    SqFt
4134 42nd Ave S, Minneapolis, MN 55406$475,000
Listing Provided By One Source Realty
444 Thomas Ave S, Minneapolis, MN 55405
18Active
  • 4
    Beds
  • 2
    Baths
  • 2,231
    SqFt
444 Thomas Ave S, Minneapolis, MN 55405$475,000
Listing Provided By Edina Realty
4621 28th Ave S, Minneapolis, MN 55406
18Active
  • 6
    Beds
  • 2
    Baths
  • 3,276
    SqFt
4621 28th Ave S, Minneapolis, MN 55406$475,000
Listing Provided By Keller Williams Integrity Realty
520 W 53rd St, Minneapolis, MN 55419
18Active
  • 3
    Beds
  • 2
    Baths
  • 2,149
    SqFt
520 W 53rd St, Minneapolis, MN 55419$474,900
Listing Provided By Picket Fence Realty Llc
201 S 11th St 930, Minneapolis, MN 55403
14Active
  • 2
    Beds
  • 2
    Baths
  • 1,341
    SqFt
201 S 11th St 930, Minneapolis, MN 55403$474,900
Listing Provided By Lakes Sotheby's International
110 1st Ave Ne F415, Minneapolis, MN 55413
21Active
  • 2
    Beds
  • 2
    Baths
  • 1,667
    SqFt
110 1st Ave Ne F415, Minneapolis, MN 55413$469,900
Listing Provided By Lakes Sotheby's International
Highest Price
Any
    Jason Huerkamp
    14300 Nicollet Court # 208
    Burnsville, MN 55306
    612-314-6330

    The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2019Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated September 17, 2019