25 of the top ZIP codes where rich millennials are snapping up homes across the US

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• Many millennials are buying homes later in life, but some millennials are already homeowners.
• To discover where rich millennials are choosing to buy homes, Trulia helped us find the most expensive ZIP codes with millennial homeowners.
• Many rich millennials own homes in the northeast, while others own homes out west.
• Visit Business Insider’s homepage for more stories.

Thanks to a more expensive real-estate market, the typical millennial is renting longer and buying later. But some rich millennials are ahead of the curve and have already achieved the homeownership milestone. But just where are these rich millennials living?

We teamed up with Trulia to find the most expensive ZIP codes with millennial homeowners. Using 2017 US Census data for households aged 25-34, Trulia looked at American ZIP codes within the top 10% of highest home values and top 10% of highest millennial homeownership rate. The latter refers to the percentage of millennials who own homes — as opposed to renting homes — in the ZIP. Only ZIP codes with at least 100 millennial-occupied housing units were considered for the purposes of this article.

Turns out, many rich millennials own homes in the northeast — ZIP codes in New York, Massachusetts, and New Jersey make the list several times. A few ZIP codes out west, in Colorado, California, and Washington, are also home to rich millennial homeowners.

See below for the top places where rich millennials own homes in the US. Note that this article is not a ranking.

98019: Duvall, Washington

Courtesy of Trulia

Median home value: $603,200

Millennial homeownership rate: 88%

48301: Bloomfield Hills, Michigan

Courtesy of Trulia

Median home value: $516,500

Millennial homeownership rate: 89%

21146: Severna Park, Michigan

Courtesy of Trulia

Median home value: $517,100

Millennial homeownership rate: 89%

See the rest of the story at Business Insider

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Source: Business Insider – hhoffower@businessinsider.com (Hillary Hoffower)