Best cities for Millennial homebuyers

Dallas's Deep Ellum Arts District offers good food, good music and works by all types of artists.

Median home price: $175,000
Job growth: 3.9%

Dallas is more than football, Big Oil and Texas-sized BBQ. It also offers plenty of jobs and affordable home prices, a perfect combination for Millennials looking to relocate, according to NAR's report.

The city offers jobs in a range of fields: energy (Exxon/Mobil (XOM)), telecom (AT&T (T)), tech (Texas Instruments (TXN)) and healthcare (Tenet Healthcare Corp. (THC)) to name a few.

Not only has that been attracting hoards of new residents -- the metro area's population grew 5.5% over the past three years, twice the national rate -- but it also helps to make buying a home in the metro area that much more affordable.

Home prices are about 9% cheaper than the rest of the country.

First published June 23, 2015: 11:06 AM ET

Source: National Association of Realtors
Rankings were based on employment data, median home prices, home price growth and affordability, as well as the percentage of Millennials living in the metro area and their share of all age groups moving to the area. Median home prices data is for the first quarter of 2014, while job growth figures are for the 12 months through May 2014.

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