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Grand Rapids ranks among best home markets for millennials

August 13, 2014

Grand Rapids is one of the top 10 markets in the nation for buying a home if you’re a millennial.

The Grand Rapids market is ranked as one of the best "purchase markets" in the U.S. for "aspiring millennial homebuyers" to become homeowners, according to a study released last month by the National Association of Realtors, or NAR. The study only considered "leading-edge millenialls" between the ages 25-34.

The association, which is considered the largest trade association in the U.S., analyzed the job creation, population trends and housing conditions in 100 metro areas that have a noted millennial presence.

Millennial market

Since the housing market crashed at the beginning of the Great Recession, first-time homebuyers have been "largely absent from the housing market."

Now, that trend is changing, and Grand Rapids is one of the markets leading the way for housing independence for a generation that has found itself moving back in with their parents.

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