The 10 best cities for young people to buy a home

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.

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 US Census Bureau's 2014 American Community Survey.

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

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

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

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

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

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

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

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

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

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)