Best cities for Millennial homebuyers

The 107-year-old Pike Place Market is a trendy place for Seattle Millennials to shop and dine.

Median home price: $340,000
Job growth: 2.6%

Seattle's high-paying tech jobs attract lots of young workers -- and its vast coffee culture keeps them firing on all cylinders.

Major employers like Amazon (AMZN), Microsoft (MSFT) and, of course, Starbucks (SBUX) have long sustained the local economy. But there are plenty of start ups and other smaller outfits that are creating jobs and attracting young talent, said Karin Zaugg Black, spokeswoman for the city's Office of Economic Development.

Between 2010 and 2012, 28% of all people moving into the city were Millennials, five percentage points higher than the average major city, according to the National Association of Realtors.

And even though home prices -- at a median of $340,000 -- are pretty steep, they aren't completely out of reach for many young, well-paid buyers, according to NAR.

There are also many more listings to choose from in Seattle than there are in city's like San Francisco or New York where supply is tight.

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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