Dive Brief:

• Young adults who want to buy new homes are looking for markets where they can find jobs and afford the real estate, according to the National Association of Realtors.

• Still, as millennials flock to hotspots like Austin, TX, they’re finding affordable housing in short supply.

• Along with Austin, where the median home price is $226,000, these nine cities round out the association’s list of the Top 10 markets for millennial home buyers: Grand Rapids, MI, with a median home price of $123,000;  Dallas, $175,000; Des Moines, IA, $153,000; Ogden, UT, $184,000; Denver, $288,000; Seattle, $340,000; New Orleans, $158,000; Salt Lake City, $233,000; and Minneapolis, $188,000.

Dive Insight:

Missing from the list are big cities like New York and San Francisco, where home prices, available inventory and job prospects are less favorable for buyers with college loans to pay off and modest wages.