In its annual study, the online financial resource website, SmartAsset recently ranked Elk Grove as the second in the nation for millennial homebuyers.
Millennials, or those who reached adulthood around the turn of the 21st century, are currently in the age range of 35 years old or younger.
According to SmartAsset, only Sioux Falls, S.D. has more millennial homebuyers.
Rounding out the top 10 cities on the list, in order, are Bakersfield, Roseville, Peoria, Ill., Cary, N.C., Fort Wayne, Ind., Chattanooga, Tenn., Anchorage, Alaska, and Omaha Neb.
Altogether, the study ranked 200 U.S. cities using data from the U.S. Census Bureau’s 1-Year American Community Surveys.
The study also notes that Elk Grove had the highest millennial homeownership rate in 2015 at 60.8 percent.
Elk Grove Mayor Steve Ly said that he is well-aware of Elk Grove’s attractiveness to young homebuyers.
“The best thing about Elk Grove is that it remains an affordable option for young couples and families,” he said. “The city is certainly pleased to hear of this (latest recognition), and it reinforces the 2016 WalletHub survey. It rated Elk Grove in the top 20 places to raise a family in California. There’s also Movoto’s 2015 study that rated Elk Grove as the best Sacramento suburb for young couples.”
Ly also recognized the results of a city survey, which notes that 90 percent of the city’s residents would recommend Elk Grove to others.
A city of Elk Grove-produced press release notes that it is the combination of Elk Grove’s affordability and its quality of life features that make the city an attractive option for many young homebuyers.
The release notes: “With nearly 100 parks, an award-winning school system, and low crime rates, Elk Grove is a great place to live and raise a family. The median value of a home in Elk Grove is $350,300.”
Ly stated that the perception of Elk Grove is one of a young, vibrant, welcoming city.
“We continue to welcome families and some of America’s new generation of homebuyers – which would be our millennials – to make Elk Grove a community that will now become their home,” he said.
As for continuing to attract new homebuyers, Ly mentioned that the city consistently works to make Elk Grove a more inviting place.
“(The city has) capital improvement projects, etc., building infrastructure, so that folks who do come here can find things to do, such as the (future) aquatics center, the civic center,” he said. “The city’s job is to look at making Elk Grove unique and exceptional.”
Ly encouraged nonresident, potential homebuyers to come to Elk Grove, check out its homes and attend events such as festivals and the farmers market.
And the mayor added that Elk Grove’s attractiveness is no secret to many of its residents.
“What (the recent SmartAsset ranking) really does is it just confirms what I believe in,” he said. “It’s one of those things where it’s nice to have somebody else acknowledge it. But for many Elk Grovians, we certainly believe in it. That’s why we live in Elk Grove.”