The States Where the Most Young People Own HomesMap of states showing percentage of young people who own homes there | Visual CapitalistComing in at the top was Minnesota, where 50.8% of adults under 35 own homes. New York and California were close behind, with 27.5% and 27.8% of young people owning homes there, respectively. The average cost of a home in New York was $462,697, just over half of the average home cost in Hawaii. In 2025, the average income was $83,730, but the average home cost $426,800. Prices soared sharply following the pandemic, with the average income rising from $68,400 to $83,730 but the average house cost soaring from $329,000 to $426,800.