How about $175K house bought in 2010 for $175K in county tax only area got sold for $129K in March 2010.I meet millennials quite often paying 70% of their post tax salary as rent sharing rooms with number of people depending on neighborhoods in SFO , buying stocks at peak in first few days of trading now trading @40%- 60% .My two cents - find five friends whose average income and investment number is your goal and move on.

Starter homes will be solid in markets where there are many Millennials for years to come.  

Many empty-nesters and millennials are seeking housing in that area and that kind of life style.

Due a recent surge in the millennial population, Philadelphia is becoming a hub for innovation and creativity.

Millennials don't want the same type of properties/things other generations wanted.

In about 3-4 years the millennial generation will be all through college and gen Z will be in full force.

Millennials are tapping home equity for vacations and emergency cashhttp://www.marketwatch.com/story/millennials-are-tapping-home-equity-for-vacations-and-emergency-cash-2016-08-24

Is this most likely to be sold to a baby boomer, a millennial?

Hi @Joshua Bregman,Millennial housing preferences (renting vs owning, downtown vs suburbs) is going to have a growing impact for long term.

The other side to the millennial argument is the following.3 to 4 years ago lot's of foreclosures and short sales of houses were occurring.