These NC cities are the most popular for millennial homebuyers, report says

The South is a hot spot for homebuyers, and two North Carolina cities among the most popular for millennials, according to a new report.

SmartAsset , a financial tech company, revealed the 15 places where the most people between ages 25 to 44 are settling down.

Based on Home Mortgage Disclosure Act data from 2022 , the report says Raleigh ranked as the overall most popular city for millennials with Charlotte not too far behind at No. 4.

Raleigh-Cary, NC (No. 1)

• Percent of local millennials who purchased a home in 2022: 6.5%

• Number of mortgages originated to millennials in 2022: 27,859

• Total number of local millennials: 428,846

• Percent of total population aged 25-44: 28.9%

• Median interest rate for new millennials mortgages: 4.4%

• Median property value: $445,000

• Median income of millennial mortgagor (buyer): $123,000

Charlotte-Concord-Gastonia (No. 4)

• Percent of local millennials who purchased a home in 2022: 5.8%

• Number of mortgages originated to millennials in 2022: 45,195

• Total number of local millennials: 775,799

• Percent of total population aged 25-44: 28.1%

• Median interest rate for new millennials mortgages: 4.5%

• Median property value: $405,000

• Median income of millennial mortgagor (buyer): $110,000

Here’s how the North Carolina cities compared to others where millennials are buying homes the fastest across the country:

Top 10 cities for Millennials homebuyers

You can find the full report of where millennials are buying the most homes online at smartasset.com .