Skip to main content

D.C. Has Many Millennials, But Most Are Not Homeowners

Phil Hall
Apr 08, 2019
The District of Columbia has the highest number of Millennial residents and the lowest number of Millennial homeowners, according to new data from WalletHub

The District of Columbia has the highest number of Millennial residents and the lowest number of Millennial homeowners, according to new data from WalletHub.
 
WalletHub determined that the District of Columbia leads the nation in its Millennial population, followed by North Dakota, Alaska, Utah and California, while Maine and West Virginia have lowest number. But in measuring homeownership data, the nation’s capital had the lowest number of Millennial homeowners, with Hawaii, New York, California and Oregon rounded out the bottom five for Millennial homeownership while Delaware, Iowa, West Virginia, Michigan and Utah had the highest Millennial homeownership rate. The low homeownership rate among Millennials in the District of Columbia cannot be blamed on lack of income, as the area ranked first with average highest earnings among this youthful demographic—Mississippi ranked lowest in terms of average earnings.
 
West Virginia was found to have the lowest housing costs for Millennials, while Hawaii had the highest. North Dakota and the District of Columbia had the lowest number of Millennials living with their parents, while New Jersey and Connecticut had the highest number.
Source: WalletHub

 
Published
Apr 08, 2019
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021
Offerpad Expands Into Kansas City, St. Louis

Tech-Enabled Platform For Real Estate Transactions Now In 20 Markets

Industry News
Sep 20, 2021
KBRA Assigns Preliminary Ratings To RCKT 2021-4

Includes 1,002 Residential Mortgages With An Aggregate Principal Balance Of $968.4M

Industry News
Sep 20, 2021
KBRA Assigns Preliminary Ratings To SEMT 2021-6

Pool Of 497 First-Lien Loans Combined Have A Principal Balance Of Nearly $449M

Industry News
Sep 16, 2021
Fugo Appoints Bahlman As VP, Client Relations & Sales

Brings 19 Years of Experience To Texas-Based Back-Office Support Company

Industry News
Sep 16, 2021
Envoy Mortgage Expands To Atlanta

Envoy Mortgage lender expanded its Southeast operations to Atlanta, GA.

Industry News
Sep 15, 2021