Corcoran Urban Real Estate

Study: Chicago Affordable To Millennials

Study: Chicago Affordable To Millennials

A recent study concludes that the city of Chicago is a relatively affordable option for Millennials looking to buy their first house.

Conducted by SmartAssets, the study compared the median net worth and income of the typical Millennial to come up with a down payment and then correlated square footage that could be purchased conventionally. The news for Chicago was that Millennials' first houses could be around 1,000 square feet.

That compares to 165 square feet in New York City and 297 square feet in Los Angeles.

For more, head over to Chicago Agent Magazine here.