Alamy Stock Photo
Photo Credit: Eva Hawker / Alamy Stock Photo
- Homeownership rate (15 to 34 years old):17.1%
- 5-year percent change:-10.3%
- Homeownership rate (all ages):45.3%
- Millennial-owned households:20,930 (out of 162,271 owner-occupied households)
- Average millennial home value:$265,810
- Average home value (all ages):$330,355
Compared to other large cities on this list, Austin had a less dramatic decrease in homeownership for 15-34 year olds over the past five years—only 10.3 percent. In Austin, 17.1 percent of millennials own a home. Austin’s average millennial home value is $265,810, noticeably less than the $330,355 average home value for all ages.
