DENVER (KDVR) — Denver is the third-most popular market for millennial homebuyers, according to research released by LendingTree on Friday.
With mortgage rates at almost record lows, millennials have become the largest home buying group in the country.
Mortgage requests from millennials is at a 59.07% share of the real estate market, with an average buyer age of 31.25 and a credit score of 691. The average loan request among the group is $354,433, with the average down payment $56,937, according to LendingTree.
San Jose and Boston ranked slightly higher then Denver for millennial buyers.
Here’s a list of the top 10 markets:
- San Jose
- Boston
- Denver
- Minneapolis
- Buffalo
- San Francisco
- Salt Lake City
- Austin
- Pittsburgh
- New York City
Las Vegas, Tampa and Phoenix have the lowest share of millennial buyers.