The Florida City With The Most Homeowners Under 25
Typically, when you think of Florida, you think of older retired generations. While it may be true that there are a lot of retirees throughout the state, younger generations are staking their claim on the Sunshine State. We’re talking about the Florida city with the most homeowners under 25.
The American Dream looked something like this. Find a job, find a partner, and start a life. Recently, MoneyGeek.com released a new report showing homeownership trends are changing, and it may not be for the better.
RELATED: 2 Florida Cities Make Top 5 List For Best College Towns in 2024
According to a study done by the Berkeley Institute for Young Americans, “individuals under 44 are purchasing homes at a slower rate than those over 60 did at their age. They’re also selecting different locations to settle down.”
MoneyGeek analyzed data from the U.S. Census Bureau to create this report. They found that the majority of all different age groups prefer cities located in the South and/or the Western United States.
What Is The Florida City With The Most Homeowners Under 25?
Florida is an attractive choice for many young people. As another year of graduates hits the job market, they’ll be looking to plant some roots with new opportunities.
MoneyGeek looked at city with the most homeowners under 25, cities with the most homeowners age 25-44, cities with the most homeowners age 45-64, and cities with the most homeowners age 65+. And, no doubt, Florida topped the list in multiple categories.
According to the U.S. Census Bureau, homeowners under 25 only make up 4% of total homeowners. The age for first-time homeowners might be rising, but not in Gainesville, Florida.
Gainesville has 27% of homeowners under the age of 25. This makes Gainesville the #1 city with the most homeowners under 25 in Florida and makes it the #5 in the entire U.S. for the city with the most homeowners under 25.
Why Is This City So Attractive For People Under 25?
Well for starters, Gainesville is a huge college town. USA Today also recently ranked Gainesville as being one of the best cities to move to in Florida. Their low unemployment rate, great schools for continued education, and central proximity make it the perfect blend for those looking to travel the state.
The typical home value comes in at $288,002 which keeps it under the typical $300,000 mark around most cities in Florida like Tampa. USA Today says, “Gainesville has the second lowest expected annual property losses from weather damage in this hurricane-prone state.”
To view the full report, click here.
Looking To Relocate Out Of Florida? These States Will Pay You To Move There
Kansas
If you move to Topeka Kansas, you receive $15k! If you move there this fund can work for both remote and on-site jobs in Shawnee County.
West Virginia
West Virginia has a program called Ascend West Virginia, and they will provide you with $12K in payments, access to free outdoor recreation and free coworking space.
Alaska
Alaska has a incentive program called Permanent Fund Dividend. Citizens can qualify for up to $16K for just living in the state. To receive the grant you just have to remain in the state for an entire calendar year!
Alabama
You can receive up to $10K if you move to Alabama and work from the Shoals. This is called the remote shoals program and you reap the benefits in Northwest Alabama.
Oklahoma
If you move to Tulsa, Oklahoma you are eligible for $10K in grants. This is offered to remote workers or entrepreneurs. The program is called the Tulsa Remote Plan.
New York
If you move to the Rochester region, you could receive up to $19k in grants if you are a remote worker. They also have homebuyers incentives and more. The program is called Greater Roc Remote.
