Top Cities for Gen-Z Homebuyers: Where to Invest and Where to Avoid

Gen Z homebuyers are avoiding expensive coastal cities like San Francisco, New York, and San Jose, California, and instead flocking to more affordable cities like Salt Lake City, Oklahoma City, and Birmingham, Alabama, according to a report by LendingTree. 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%. Average down payments among potential Gen Z buyers varied widely based on city.