This Minnesota metropolis is booming.

Jobs in tech, graphic arts and healthcare are prominent here, and strong job growth make it an attractive place for people just starting out.

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Also luring in the young is a revitalized downtown. A lot of the old, empty flour mills along the Mississippi are now condos, said Ron Peltier, CEO of HomeServices of America, a national real estate broker headquartered in town.

"Millennials are looking for that kind of lifestyle," he said. "They're not ready for the house with the yard."

The ones that are ready, however, are finding good deals. The median price of a single family home is $189,000, slightly below the typical U.S. home.