Best cities for Millennial homebuyers

Ogden hosts one of the nation's biggest bike races.

Median home price: $184,000
Job growth: 2.7%

This small metro area north of Salt Lake City has one of the best combinations of low home prices and higher than average incomes in the nation.

While home prices have risen roughly 9% over the past year, homes are still far from expensive: the median home price is $184,000. Meanwhile the median income is $68,500.

That has attracted a lot of newcomers to the area, about 30% of whom are Millennials, according to the National Association of Realtors.

Many young families come for the good schools, which offer a high graduation rate and a low student/teacher ratio, according to Ogden's Office of Community & Economic Development.

New residents also find an active, outdoorsy lifestyle. You can walk out your office door and go fishing for trout or be on the ski slopes in 20 minutes.

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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