Site icon Polvadera Chiles and New Mexico News

Here’s how much Gen Z needs to start saving to afford a home in ABQ

Albuquerque landed in the middle of the pack in a new ranking based on the cost of buying a home for the next generation of buyers, known as Generation Z.

Realtor.com, the California-based real estate listing search company that conducted the analysis, found that on average, Generation Z will need to save $304 per month to afford a down payment on a median-priced home in 2031.

“Choosing to live in one of the U.S.’s larger and more expensive metros, especially on the West Coast, is going to make…

Source: The Business Journal

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