Homeownership rate (15 to 34 years old): 16.6%5-year percent change: -16.3%Homeownership rate (all ages): 43.2%Millennial-owned households: 38,574 (out of 359,118 owner-occupied households)Average millennial home value: $224,546Average home value (all ages): $241,674

In Houston, the millennial homeownership rate is 16.6 percent, much lower than some of the other large cities in Texas like El Paso and Fort Worth. This rate has decreased 16.3 percent since 2011, which is greater than the national average decrease of 11.4 percent over the same time period. The average millennial home value is $224,546, which is slightly higher than the national average.

Source Article

Leave a Reply

Your email address will not be published. Required fields are marked *