Garner makes top-5 great cities for millennial homebuyers!
By Natalie Campisi
March 6, 2018 in Mortgages
For millennials who are ready to become homeowners, finding an affordable house in a great community can be challenging. With housing inventory historically low, real estate in major metro areas is at a premium. It’s no surprise, then, that young buyers are moving to the suburbs, according to the 2017 Home Buyer and Seller Generational Trends Report by the National Association of Realtors.
Among millennials surveyed, 57 percent bought a house in the suburbs, spending an average of $205,000. Meanwhile, only 12 percent bought in an urban or central city. Affordability, convenience to work and neighborhood quality were among the top requirements for these buyers.
Using this information, we identified five cities that offer some combination of affordable housing, economic growth, job opportunities, proximity to major metro areas and recreational activities.
Great cities for millennial homebuyers:
Garner, North Carolina.
St. Petersburg, Florida.
West Des Moines, Iowa.
Garner, North Carolina
Median value of housing: $164,800
This small town is about 6 miles south of Raleigh and is also near the Research Triangle, which includes Duke University, North Carolina State University and the University of North Carolina at Chapel Hill.
For people who work in any of these areas, Garner offers more affordable housing than some of the other nearby communities.
Garner’s business landscape is a mixture information, utilities, retail and public administration. Companies like Butterball and Direct Distributors are headquartered in Garner. The median household income in Garner is $59,812, above the national median of $57,617, according to census data.
Outdoor enthusiasts will appreciate Garner’s 1,200 acres of parkland and open space. White Deer Park offers bikers, runners and walkers 2 miles of paved trails, playgrounds, an arboretum and a 2,500-square-foot nature center.
Garner also has a mix of chain stores, shopping plazas and locally owned businesses. Local watering holes, like The Beerded Lady, offer a place for residents to see live music.
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