D.C. Has Many Millennials, But Most Are Not Homeowners
April 8, 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.
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.
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