West Virginia Is the Best State in the U.S. for Millennial Homebuyers

Despite a nationwide housing inventory crisis, and high rental and home sale prices, there are a few states where millennials can afford to be homeowners.

Using the median millennial income of $60,932, personal finance site GoBankingRates calculates that these homebuyers could afford West Virginia's median list price of a $150,000 home, with a $693 monthly mortgage payment, and could save up the average 20 percent down payment within 2.5 years, reports The Huffington Post.

Colorado and California are both popular states for people under 35, featuring robust music scenes, good food and legalized recreational marijuana use. At the same time, they are two of the worst places to buy a home. In Colorado, the median list price is $408,068, with a monthly mortgage payment of $1,780.

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