Millennial San Antonians already dread being locked in as renters, however now a brand new SmartAsset housing research has unearthed a shocking statistic that backs that worry up: Solely 3.33 p.c of San Antonio’s millennial inhabitants purchased properties within the metro space in 2024.
The report, “The place Millennials Are Shopping for Properties – 2025 Research,” analyzed mortgage origination information throughout 41 of the most important U.S. metros, rating them primarily based on the share of native individuals aged 25-44 who bought a house in 2024. As a be aware, the research solely noticed standard mortgages and never FHA, USDA, or VA loans.
The research discovered San Antonio-New Braunfels had the thirteenth highest charge of millennial homebuyers within the U.S. final yr, with a complete 26,337 mortgages originated within the area.
The median property worth of a San Antonio-area residence bought by a millennial in 2024 got here out to $315,000, and the median earnings of a millennial home-owner was $105,000, in line with the report.
Moreover, San Antonio’s small share of native millennials that purchased properties within the metro earned it a No. 18-rank in SmartAsset’s total listing of U.S. metro areas with the very best share of millennials who bought properties final yr.
For added context, the No. 1-ranking metro was Raleigh-Cary, North Carolina with 4.5 p.c of native millennials securing a mortgage final yr. Nevertheless, that share solely represented 19,735 mortgages originated in 2024.
Nationwide, extra millennials purchased properties in Houston-Pasadena-The Woodlands than in another U.S. metro, amounting to almost 62,000 originated mortgages.
“This was the very best uncooked variety of new Millennial householders nationwide, outranking metros like New York Metropolis and Los Angeles, which have a lot bigger complete populations,” the report’s writer wrote.
SmartAsset mentioned U.S. metros with a excessive charge of millennial homebuyers could present desirability inside the space’s job market, housing market, and its native financial system.
“In some locations, 1 in each 25 residents between the ages of 25 and 44 bought a house with a traditional mortgage simply in 2024 alone,” the research mentioned. “In different main metros, lower than 1 in 100 Millennial-aged residents final yr. This disparity could cause divergent implications for native infrastructure, politics, and enterprise demand amongst totally different metros.”
This is what number of mortgages that have been secured by millennials in Texas’ different main metros in 2024:
Houston-Pasadena-The Woodlands – 61,826 mortgagesDallas-Fort Price-Arlington – 55,732 mortgagesAustin-Spherical Rock-San Marcos – 27,196 mortgages
