Millennials Are Choosing to Call Home in San Diego

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Market Trends

Where Millennials Are Choosing to Call Home
DAILY REAL ESTATE NEWS | MONDAY, JANUARY 29, 2018
Millennials make up a quarter of the nation’s population and are expected to have huge influence over real estate in the coming years. But though the millennial population increased 4.7 percent between 2010 and 2015, according to Census data, the growth has not occurred evenly across geographic areas. The cities with the highest share of millennials as of 2015 are:

Provo-Orem, Utah: 30.4 percent
Austin, Texas: 27.2 percent
San Diego: 27 percent
Virginia Beach, Va.: 26.9 percent
Madison, Wis.: 26.8 percent
Colorado Springs, Colo.: 26.4 percent
Bakersfield, Calif.: 26.3 percent
Honolulu: 26.3 percent
Salt Lake City: 26.2 percent
The cities with the highest growth in millennial population from 2010 to 2015 are:

Colorado Springs: 14.7 percent growth
San Antonio: 14.4 percent
Denver: 12.8 percent
Orlando, Fla.: 12.7 percent
Honolulu: 12.2 percent
Austin: 11.8 percent
Cape Coral, Fla.: 11.7 percent
Houston: 11.7 percent
Sarasota, Fla.: 11.1 percent
Seattle: 10.8 percent
Meanwhile, the cities with the lowest increases in millennial populations are Birmingham, Ala. (–0.6 percent); Chicago (0.2 percent); Toledo, Ohio (0.5 percent); and St. Louis (0.9 percent).

Source: “Here’s Where Millennials Are Moving,” Curbed.com (Jan. 26, 2018)