{"id":80892,"date":"2025-07-21T15:08:27","date_gmt":"2025-07-21T15:08:27","guid":{"rendered":"https:\/\/www.europesays.com\/us\/80892\/"},"modified":"2025-07-21T15:08:27","modified_gmt":"2025-07-21T15:08:27","slug":"how-dallas-ranks-among-best-cities-for-first-time-homebuyers","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/80892\/","title":{"rendered":"How Dallas ranks among best cities for first-time homebuyers"},"content":{"rendered":"<p>Dallas is turning into a haven for millennial homebuyers, a new SmartAsset housing study has found. Nearly 56,000 millennials purchased homes in the Metroplex in 2024.<\/p>\n<p>The <a href=\"https:\/\/smartasset.com\/data-studies\/millennials-buying-homes-2025\" target=\"_blank\" rel=\"noopener\">report<\/a>, &#8220;Where Millennials Are Buying Homes \u2013 2025 Study,&#8221; analyzed mortgage origination data across 41 of the largest U.S. metros, ranking them based on the percentage of local people aged 25-44 who purchased a home in 2024. As a note, the study only observed conventional mortgages and not FHA, USDA, or VA loans.<\/p>\n<p>The study found Dallas-Fort Worth-Arlington had the second-highest number of millennial homebuyers in the U.S. last year, with a total 55,732 mortgages originated in the metro.<\/p>\n<p>That&#8217;s about 6,100 fewer mortgages than Houston-Pasadena-The Woodlands, which had the No. 1 highest rate of millennial home purchases nationwide in 2024, adding up to 61,826 mortgages.<\/p>\n<p>The median property value of a DFW home purchased by a millennial in 2024 came out to $455,000, and the median income of a millennial homeowner was $142,000, according to the report.<\/p>\n<p>Millennial Dallasites already dread being <a href=\"https:\/\/dallas.culturemap.com\/news\/real-estate\/senior-renting-population-surge-dfw\/\" target=\"_self\" rel=\"noopener\">locked in<\/a> as renters for the rest of their lives, and one surprising statistic found in the report backs up that fear: Only 2.33 percent of all DFW millennials bought homes last year. Furthermore, Dallas-Fort Worth placed 30th in the report&#8217;s overall ranking of U.S. metros with the highest percentage of millennials who purchased homes in 2024.<\/p>\n<p>For additional context, the No. 1-ranking metro was Raleigh-Cary, North Carolina with 4.5 percent of local millennials securing a mortgage last year. However, that percentage only represented 19,735 mortgages originated in 2024.<\/p>\n<p>SmartAsset said U.S. metros with a high rate of millennial homebuyers may show desirability within the area&#8217;s job market, housing market, and its local economy.<\/p>\n<p>&#8220;In some places, 1 in every 25 residents between the ages of 25 and 44 purchased a home with a conventional mortgage just in 2024 alone,&#8221; the study said. &#8220;In other major metros, less than 1 in 100 Millennial-aged residents last year. This disparity can cause divergent implications for local infrastructure, politics, and business demand among different metros.&#8221;<\/p>\n<p>Here&#8217;s how many mortgages that were secured by millennials in Texas&#8217; other major metros in 2024:<\/p>\n<ul class=\"ee-ul\">\n<li>Houston-Pasadena-The Woodlands \u2013 61,826 mortgages<\/li>\n<li>Austin-Round Rock-San Marcos \u2013 27,196 mortgages<\/li>\n<li>San Antonio-New Braunfels \u2013 26,337 mortgages<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"Dallas is turning into a haven for millennial homebuyers, a new SmartAsset housing study has found. Nearly 56,000&hellip;\n","protected":false},"author":3,"featured_media":80893,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5135],"tags":[5229,1596,51428,8166,4329,358,3187,67,586,132,5230,68,2969,14847],"class_list":{"0":"post-80892","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-dallas","8":"tag-america","9":"tag-dallas","10":"tag-first-time-homebuyers","11":"tag-housing-market","12":"tag-real-estate","13":"tag-texas","14":"tag-tx","15":"tag-united-states","16":"tag-united-states-of-america","17":"tag-unitedstates","18":"tag-unitedstatesofamerica","19":"tag-us","20":"tag-usa","21":"tag-wallethub"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114891856490500247","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/80892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=80892"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/80892\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/80893"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=80892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=80892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=80892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}