This Hixson home is one of many listed in the greater Chattanooga area for sale. The price is listed at $179

Authored By ahuntergrah

A report from financial technology company SmartAsset ranked Chattanooga as the eighth-most popular place where millennials are buying homes.

“Millennials are faced with the rising costs of rent and student debt, so affordability could be a reason for that,” SmartAsset public relations director Asees Singh said.

The cities that rank above Chattanooga are Sioux Falls, South Dakota; Elk Grove, California; Bakersfield, California; Roseville, California; Peoria, Illinois; Cary, North Carolina; and Fort Wayne, Indiana.

SmartAsset attributes these numbers to the affordability of the homes in each area.

SmartAsset has also previously ranked Chattanooga as the No. 1 place to start a new business and the No. 4 place for minority-owned businesses.

For more information about the study, click here.

Alina Hunter-Grah is a contributing writer. She is also currently attending UTC, where she is the news editor for the school newspaper, The University Echo.