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Home buying market strong for millennials

Omaha market strong for millennial home buyers
Posted at 6:27 PM, Dec 18, 2018
and last updated 2018-12-18 19:27:11-05

OMAHA, Neb. (KMTV) — Experts say the Omaha housing market is strong for millennials interested in owning their own home.

According to Howmuch.net, about 39 percent of home owners in the Omaha metro are millennials. That's above the national average of 32 percent. Omaha also ranks 9th in medium-sized cities in the country for home-ownership.

Most millennial homeowners are looking for three bedroom, two bathrooms homes in a ranch style. Experts say the average price range for a first time home buyer is between $150,000-200,000 price range.