Thousands of adults aged 25 to 34 are flocking toward the suburbs. One of the top cities to make the list was our very own Riverside, California. Researchers have long concluded that millennials have a unique love of cities due to night life, subways, and general trends. However, more and more evidence suggests that this age group is moving on from city life in preference of the suburbs.
“Riverside is a long way from Austin, Portland or Seattle in terms of coolness, but a lot of those things that make those cities attractive to the millennials — craft breweries, independent stores and restaurants — they’re now springing up here,” says local real estate developer Randall Lewis. “Historically, this is a marketplace people would come to for housing affordability, but now that a lot of millennials are postponing the buying decision, there’s a strong apartment market out here.”
Of the 50 metro areas analyzed by the Urban Land Institute, 43 saw an increase in suburban millennial from 2010 to 2015 while a mere seven saw a decline.
If you have any real estate-related questions or are interested in buying or selling, don’t hesitate to contact me, Kim Rievley, today. I can be reached at 951-377-3955 or by email at email@example.com.