In an analysis of the largest 100 metropolitan statistical areas (MSA) conducted by Knock, Winston-Salem, NC was named among the top 10 housing markets for millennials. The research is based on the premise that the more affordable and less competitive metro areas are, the more likely this generation is to purchase a home, as 82% of younger millennials and 48% of older millennials are first-time homebuyers.

The data collected in the study shows that top millennial metros boasted affordability and availability of homes, above-average employment levels in the tech, finance, and healthcare industries, as well as high population shares of millennials and strong year over year population growth of the generation.

With a 2021 median home price of $225,968, Winston-Salem is the second most affordable metro for millennials at 43% below the national median sale price. In addition, the job market in the Triad is booming, with unemployment rates falling to levels only seen at the start of the 21st century.

Here are the top 10 housing markets for millennials in 2022:

1.     Austin, Texas

2.    Des Moines, Iowa

3.    Charleston, South Carolina

4.    San Antonio, Texas

5.    Atlanta, Georgia

6.    Providence, Rhode Island

7.    St. Louis, Missouri

8.    Winston-Salem, North Carolina

9.    Charlotte, North Carolina

10.   Spokane, Washington

If you’re interested in purchasing a home or refinancing your current home in Winston-Salem or the surrounding areas, give us a call! We can discuss your financial goals and discuss a loan program that might be right for you.