Even though GenZ is still on the youngish side, 10% of those born between 1997 and 2012 are buying their first homes—and their influence is starting to shape the housing market by where they are choosing to live, according to LendingTree’s latest report, Most Popular Metros for Gen Z Homebuyers.  

Salt Lake City is still the number-one choice from last year’s rankings as the most popular metro for Gen Zers, where they held 16.60% of mortgage offers; Louisville, Ky., and Oklahoma City are the next most popular metros among this demographic.

San Francisco held its ranking as the least popular metro among GenZ buyers, with only 3.64% of mortgage offers. New York and San Jose round out the bottom three, with only 4.41% and 4.53% of mortgage offers going to GenZ buyers, the data showed.

There’s a $35,155 difference between the average down payment among GenZ homebuyers in Los Angeles and New Orleans, where they’re the highest and the lowest, respectively, across the 50 largest metros.

“While Gen Zers don’t make up a huge portion of homebuyers in the nation’s largest metros, their numbers are growing. Like millennials before them, they’re poised to become one of the biggest forces in the housing market over the next few decades,” said Jacob Channel, LendingTree’s senior economic analyst and report author.

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