Let’s cut to the chase—Millennials and Gen Z aren’t just renting apartments and scrolling Zillow for fun anymore. They’re buying homes. And they’re doing it in cities that offer good jobs, solid vibes, and the chance to actually build some equity without selling a kidney. So, where are they moving? We’ve got the list—and yes, Raleigh/Durham is holding it down. Let’s check out the top Destinations for Millennials and Gen Z Homebuyers:
According to recent reports from LendingTree, CoreLogic, Redfin, and more, here are the cities seeing a noticeable influx of younger homebuyers:
With a booming job market, relatively affordable housing, and an unbeatable lifestyle, the Triangle is a magnet for younger buyers—especially first-timers and remote workers. The Raleigh-Cary metro area had the highest percentage of millennials becoming homeowners in 2022, at 6.5% according to a report by SmartAsset.
Banking hub meets craft beer scene. Young buyers are flocking here for the job growth and Southern charm (5.8% of Millennials became homeowners here in 2022).
Affordable and growing fast—especially popular for buyers priced out of larger Midwest cities (5.0% of Millennials became homeowners here in 2022).
A mix of history, grit, and diversity, with housing options that range from row homes to high-rise condos.
Yes, it’s pricier than it used to be, but the lifestyle and job scene still make it a hot spot (4.7% of Millennials became homeowners here in 2022).
Tech growth + culture = a younger buyer boom in ATL and the Atlanta Metro area issued the most mortgages to Millennials in one year (4.9% of Millennials became homeowners here in 2022).
Outdoor living, sunshine, and new construction are driving interest from Millennials and older Gen Z buyers (4.8% of Millennials became homeowners here in 2022).
Raleigh is more than just a trending zip code—it’s becoming a go-to destination for Millennials and Gen Z-ers who want to own without compromising on lifestyle. According to recent data Raleigh was the #1 metro among Top Destinations for Millennials and Gen Z Homebuyers, and in Raleigh specifically, just over 9% of homebuyers are in Gen Z.
Compared to NYC, DC, or LA? Raleigh feels like a steal. Even with recent interest rate hikes, first-time buyers can still find value—especially in townhomes, condos, and new builds within areas that are considered prime locations!
Tech. Healthcare. Higher Ed. With Research Triangle Park at its core, the area is a magnet for early-career professionals and remote workers alike.
Duke, UNC, and NC State aren’t just college towns—they’re economic drivers and talent pipelines.
Miles of greenways. Breweries galore. Walkable pockets like downtown Raleigh and Durham. It’s no wonder younger buyers are sold on the lifestyle here and if the rate of new lifestyle establishments opening in town is any indicator, we should expect this trend to continue.
According to LendingTree, 78% of Gen Z homeowners received help with their down payment—mainly from parents. That’s helping many get into townhomes or condos earlier than expected.
Data from Axios shows that Gen Z made up 13% of mortgage applications in 2024—up from just 10% in 2023. That’s a big jump in one year.
Millennials and Gen Z aren’t waiting until they’re “settled.” They’re buying now—and choosing cities that balance affordability, opportunity, and quality of life. And Raleigh? It checks all the boxes.
So if you’ve been wondering whether your generation is buying homes—or are thinking about making your move—just know: Raleigh isn’t just a good choice. It’s one of the best.
💬 Thinking of buying in Raleigh? Let’s talk townhomes, condos, or that little dream house with room for your rescue pup and remote desk setup.
📲 Share this post with a friend who’s always saying “someday”—because that day might be closer than they think.
