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Study: Chicago More Accessible for Millennial Homebuyers

The Millennial age demographic has been a troubling enigma to the real estate establishment since the term's inception. With 31.5% of people aged 18 to 34 still living with their parents in 2015, those who managed to escape the nest overwhelmingly tended to rent rather than own. It is understood that home ownership (and car ownership and marriage for that matter) is not on a typical Millennial's immediate to-do list, often leaving the older generation scratching their collective heads. But what exactly could the average 18 to 34-year-old afford to buy if he or she had the sudden urge to own a home? According to a recent study, Chicago fared comparatively well in relation to other major cities in the US.

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