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Des Moines Becoming a “Millennial Paradise”

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DES MOINES, Iowa -- Des Moines is at the top of a lot of national rankings and now the city has a new title, a “Millennial Paradise.”

An article in The Atlantic, says young professionals are flocking to the city for its affordable housing and trendy downtown scene.

“If you just look a little bit there`s a vast amount of things you can do in this city, from entertainment to athletics, to sporting, to dance, to food, it`s incredible the amount of stuff we have here that we didn't have 10 or 15 years ago,” says Cory Sharp of Des Moines.

Sharp is the Vice President of Des Moines' Young Professionals Connection.

He says his organization has nearly 600 members and is continuing to grow.

Sharp put down roots in Des Moines after college and says the city's affordable housing costs is the reason he was able to buy a house.

“The housing market here is just amazing you can find the cost of living here in town compared to almost anywhere in the nation is just incredible for the value you get.”

According to data from Realtor.com Sharp isn't alone.

In the first half of 2015, 60 percent of people who used a mortgage to buy a home in the metro were between the ages of 18 to 34.

That's compared to just 37 percent on the national level.

“A lot of people are shocked that they can own a home for as much or less than they currently pay in rent. I think that`s a huge motivation for first time home buyers,” says Certified Mortgage Planner Tyler Osby.

Osby says he's seeing similar numbers in his office.

“Nowhere else in the country can you get as much for the money as you can in Des Moines. It`s really an incredible real estate market.”

According to the data the median price for a home in Des Moines is $218,000 compared to $738,000 San Francisco.