OKC among top U.S. metros where young adults can afford homes

Oklahoma City ranks sixth in the nation for the share of adults under 30 who have a mortgage, according to a Visual Capitalist report based on LendingTree’s 2024 credit analysis. The data shows 5.7% of adults under 30 in OKC hold a mortgage, placing the city ahead of larger metros such as San Antonio, Hartford and Virginia Beach. 

This finding stands out as the national median age for first-time homebuyers rises to 38, the oldest on record. OKC’s strong showing suggests that its housing market remains accessible to younger residents even as affordability declines nationwide. 

The report shows that Midwest and Southern cities dominate housing affordability, with OKC listed as one of the cities exceeding the 5% threshold of adults under 30 with mortgages. Lower land costs and more flexible zoning keep construction pipelines open, while lower student-debt balances reduce the debt-to-income ratios that lenders weigh when approving loans. 

Relatively lower housing costs and consistent job growth across key industries, including energy, aerospace and healthcare, have supported homeownership among younger buyers. The city’s mix of affordability and opportunity positions it as a leading metro for those looking to purchase their first home before age 30. 

Nationally, Nashville topped the list, with 9.4% of adults under 30 holding a mortgage. Indianapolis and Pittsburgh followed at 8.4% and 7.0%, respectively. 

OKC’s place near the top of the rankings highlights its growing role as one of the few major metros where younger residents can still buy a home and build long-term financial stability. 

Read the original article here: Ranked: Cities Where Young Americans Can Still Afford a Home.