The 10 best cities for young people to buy a home

Neighborhood Homes Rolling HillsFlickr / Trey RatcliffThere are affordable places to live for first-time home buyers.

Owning a home doesn't have to be a far-off dream, even if you're still in your 20s.

In a recent report, Credit Karma determined the 10 most affordable US cities for millennials (ages 18 to 34) to buy a home. The report estimated the average number of months it would take to pay off a mortgage by analyzing the median income of young people and the average size of open mortgages in the 100 largest US cities, among other factors.

(Read the full methodology.)

Buffalo, New York secured the top spot, where it will take young people about 107 months (nine years) to pay off their mortgage. Compare that to Los Angeles, where it could take as many as 534.2 months, or 44.5 years.

Read on to see the full list, plus median home values from the Census Bureau's 2014 American Community Survey:

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10. Milwaukee, Wisconsin

10. Milwaukee, Wisconsin

Median home value in Milwaukee: $111,900

Average millennial salary: $35,463

Average size of open mortgages: $119,116

Average months to pay off mortgage: 153.6 (12.8 years)

9. Memphis, Tennessee

9. Memphis, Tennessee

Median home value in Memphis: $91,800

Average millennial salary: $31,113

Average size of open mortgages: $103,349

Average months to pay off mortgage: 152.7 (12.7 years)

8. Indianapolis, Indiana

8. Indianapolis, Indiana

Median home value in Indianapolis: $117,000

Average millennial salary: $35,174

Average size of open mortgages: $116,503

Average months to pay off mortgage: 149.4 (12.5 years)

7. Fort Wayne, Indiana

7. Fort Wayne, Indiana

Median home value in Fort Wayne: $99,100

Average millennial salary: $32,650

Average size of open mortgages: $106,445

Average months to pay off mortgage: 146.3 (12.2 years)

6. Garland, Texas

6. Garland, Texas

Median home value in Garland: $119,000

Average millennial salary: $33,369

Average size of open mortgages: $108,280

Average months to pay off mortgage: 144.6 (12.1 years)

5. Pittsburgh, Pennsylvania

5. Pittsburgh, Pennsylvania

Median home value in Pittsburgh: $97,900

Average millennial salary: $35,915

Average size of open mortgages: $114,956

Average months to pay off mortgage: 143.8 (12 years)

4. Toledo, Ohio

4. Toledo, Ohio

Median home value in Toledo: $80,700

Average millennial salary: $31,577

Average size of open mortgages: $85,756

Average months to pay off mortgage: 123.2 (10.3 years)

3. Cleveland, Ohio

3. Cleveland, Ohio

Median home value in Cleveland: $65,900

Average millennial salary: $33,746

Average size of open mortgages: $85,749

Average months to pay off mortgage: 117.2 (9.8 years)

2. Detroit, Michigan

2. Detroit, Michigan

Median home value in Detroit: $41,900

Average millennial salary: $34,756

Average size of open mortgages: $80,481

Average months to pay off mortgage: 110.5 (9.2 years)

1. Buffalo, New York

1. Buffalo, New York

Median home value in Buffalo: $69,900

Average millennial salary: $34,344

Average size of open mortgages: $80,098

Average months to pay off mortgage: 107.4 (9 years)

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