Top 3 Cities Gen-Z Homebuyers Prefer, Avoiding California and New York.

Gen Z homebuyers are avoiding expensive cities like San Francisco, New York, and San Jose, California, and flocking to more affordable cities like Salt Lake City, Oklahoma City, and Birmingham, Alabama, according to a LendingTree report. The report found that Salt Lake City had the largest share of mortgage requests from Gen Zers at 22.59%, while San Francisco saw the smallest proportion of mortgage requests by Gen Zers at 7.76%. The average down payment among potential Gen Z buyers varied widely based on city.