MORENO VALLEY – (INT) - In a survey of 200 of the nation's largest cities, Moreno Valley ranks sixth when it comes to the rate of Millennial home ownership.

The SmartAsset.com study found that Moreno Valley "had a millennial home ownership rate of 48.22% in 2018, about 15% higher than the national average and the ninth-highest rate for this metric in the study. Over the past 10 years, the under-35 home ownership rate has increased by 4.42%, the 11th-highest rate across all 200 cities looked at."

"The fact that we've created 20,000 new jobs in the past six years, and MoVal residents' average household income has increased 36 percent, makes home ownership here a realistic option for Millennials," said Dr. Yxstian Gutierrez, Mayor of Moreno Valley, and himself a Millennial.

Story Date: February 3, 2020