West Virginia has been ranked as the best state in the U.S. for millennial homebuyers based on affordability. The median list price is $150,000, and it would only take 2.5 years to save up for the average 20 percent down payment.
For the top 15 states, Nebraska was the least of the most affordable options with monthly mortgage payments averaging $881, and median list prices at $197,500. Even though Nebraska ranks at the bottom of the list, CNBC says that it is more financially attainable, as opposed to New York or San Francisco's housing market offerings.
GOBankingRates identified the most and least affordable states for millennials to buy homes by analyzing home listing price data from Zillow. For this ranking, GOBankingRates used the national median income for millennials, $60,932, to determine how long it would take to save for a 20 percent down payment,
