Salt Lake City has the largest share of Generation Z home shoppers in the nation, according to a report by LendingTree.
SALT LAKE CITY — Salt Lake City has the largest share of Generation Z home shoppers in the nation, according to aThe older members of Gen Z — the generation born between 1997 and 2012 — are entering the housing market, and they made up nearly 22.6% of mortgage requests in the Salt Lake City area in 2022, according to a June report by the online lending site.
That's even though housing costs in Utah have skyrocketed over the past several years. However, housing prices in the state are down year over year. As higher mortgage rates pushed the national market into correction mode, the West's real estate prices have been hardest hit. In Utah's most populous county, Salt Lake County, the median price for all housing types dropped to $495,000, a 10.8% decline year over year, according to the Salt Lake Board of Realtors.
After Salt Lake City, other metros popular with Gen Z include relatively inexpensive Oklahoma City with 22.4%, and Birmingham Alabama, at 20.79%, according to LendingTree.
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