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Fort Worth ranks among the top 40 U.S. cities where more young residents are buying homes, according to a recent study.
Financial technology company SmartAsset analyzed data from the U.S. Census Bureau, ranking 200 of the largest cities in the U.S. based on two metrics: the under-35 homeownership rate in 2019 and the 10-year change (2009 – 2019) in the under-35 homeownership rate.
Although the rates for residents ages 18 to 34 fell in Fort Worth — from 40.52% in 2009 to 37.24% in 2019 — the city still experienced one of the smallest decreases compared to other cities, allowing Cowtown to crack the top 40 among SmartAsset's list of cities where more young residents are buying homes.
Fort Worth sits at No. 36. Nearby Garland tied with Chula Vista, California, at No. 17, while Mesquite ranks high at No. 4. The No. 1 city is Midland, Texas, which saw a 17.11% increase in homeownership among that age cohort between 2009 and 2019.
According to the U.S. Census, the homeownership rate in America peaked at a little more than 69% in 2004 before falling to 63.7% in 2016. Overall, homeownership among Americans younger than 35 has decreased since 2009, and based on 2019 data, only 36.4% of Americans in that age group own homes.
See the study's full report here.