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This North Texas city is a hotspot for young homeowners
Financial planning website SmartAsset evaluated homeownership rates among people 35 and younger over the last decade.
Mesquite ranked 4th in the country in a SmartAsset study evaluating homeownership rates among young people.(Smiley N. Pool / Staff Photographer)
Home ownership among young people is falling nationwide, but one North Texas city is bucking that trend.
Mesquite ranked fourth in the country for homeownership among people 35 and younger, according to a study by SmartAsset, a financial planning website. Garland ranked No. 17, and Fort Worth grabbed the No. 36 spot.
Only 36.4% of Americans younger than 35 own their own homes, compared to 65.1% of all age groups, according to data from the U.S. Census Bureau. Overall, the percentage of young people who own homes has decreased 3.71% since 2009.