A recent report by LendingTree analyzed mortgage requests and offers in 2020 for borrowers across the 50 largest metros. The report ranked the metros by the percentage of total purchase mortgage requests received. The report found that millennials made up at least 50% of purchase mortgage requests in most metros.
The top 5 metros ranked by millennial homebuying popularity
#1: San Jose
Share of mortgage requests: 61.8%
Average down payment: $158,040
Average requested loan amount: $704,318
#2: Boston
Share of mortgage requests: 59.1%
Average down payment: $78,062
Average requested loan amount: $416,267
#3: Denver
Share of mortgage requests: 59.1%
Average down payment: $56,937
Average requested loan amount: $354,433
#4: Minneapolis
Share of mortgage requests: 58.8%
Average down payment: $38,833
Average requested loan amount: $252,163
Home Economics 