Houston is turning into a haven for millennial homebuyers, a new SmartAsset housing study has found. Nearly 62,000 millennials purchased homes in the Bayou City in 2024.

The report, "Where Millennials Are Buying Homes – 2025 Study," analyzed mortgage origination data across 41 of the largest U.S. metros, ranking them based on the percentage of local people aged 25-44 who purchased a home in 2024. As a note, the study only observed conventional mortgages and not FHA, USDA, or VA loans.

The findings show more millennials bought homes in Houston-Pasadena-The Woodlands than in any other U.S. metro last year, totaling 61,826 originated mortgages.

"This was the highest raw number of new Millennial homeowners nationwide, outranking metros like New York City and Los Angeles, which have much larger total populations," the report's author wrote.

For additional context, that's nearly 6,100 more mortgages than Dallas-Fort Worth-Arlington, which had the second-highest number of millennial home purchases nationwide in 2024.

The median property value of a Houston-area home purchased by a millennial in 2024 came out to $345,000, and the median income of a millennial homeowner was $124,000, according to the report.

Despite the vast number of millennials that bought homes in Houston last year, it only accounted for 2.85 percent of all local residents within the 25-44 age bracket. Furthermore, Houston-Pasadena-The Woodlands placed 27th in the report's ranking of U.S. metro areas with the highest percentage of millennials who purchased homes in 2024.

The No. 1-ranking metro was Raleigh-Cary, North Carolina with 4.5 percent of local millennials securing a mortgage last year. However, that percentage only represented 19,735 mortgages originated in 2024.

SmartAsset said U.S. metros with a high rate of millennial homebuyers may show desirability within the area's job market, housing market, and its local economy.

"In some places, 1 in every 25 residents between the ages of 25 and 44 purchased a home with a conventional mortgage just in 2024 alone," the study said. "In other major metros, less than 1 in 100 Millennial-aged residents last year. This disparity can cause divergent implications for local infrastructure, politics, and business demand among different metros."

Here's how many mortgages that were secured by millennials in Texas' other major metros in 2024:

• Dallas-Fort Worth-Arlington – 55,732 mortgages
• Austin-Round Rock-San Marcos – 27,196 mortgages
• San Antonio-New Braunfels – 26,337 mortgages