North Dakota took first place, with 4.9 percent of its population being homeowners between the ages of 15 and 34.
Young Americans desperate to buy a property might have better luck if they broaden their horizons, according to a Newsweek map showing areas with the most homeowners under the age of 34.The picture might seem bleak as mortgage rates remain sky high and a nationwide shortage of homes continues.But a report from Agent Advice shows which states top the list when it came to their population of youngest homeowners. North Dakota took first place, with 4.
Read more: Compare Top Mortgage LendersA recent Bankrate study found a buyer needs nearly $197,057 in annual income to qualify for a mortgage on a median-priced home in California, and the housing market is similarly challenging in many other high cost of living cities and states.And as the national housing market remains more and more competitive, Alan Chang, the founder and president of Vested Title & Escrow, said it makes sense that younger homeowners are drawn to more affordable locales.
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