The youngest millennials will turn 30 years old in 2026, which is usually about when people start thinking hard about buying a house. Times have changed, however.
The typical age of first-time home buyers climbed to an all-time high of 40 years as of June 2025, according to a new report from the National Association of Realtors. That kind of stat is “shocking,” said Lynette Arrasmith, Home Loan Specialist at Churchill Mortgage.
“It tells me that millennials don’t know what they don’t know, and they likely assume they can’t afford to buy — a misconception that isn’t true,” Arrasmith told GOBankingRates.
One way to make homeownership more affordable is to finance itself as a rental property. Millennials looking to invest in a home or other types of real estate have plenty of opportunities if they look in the right place. Below are seven cities where…
