January 15, 2025 - 15:40
As the cost of living in major cities such as New York continues to soar, younger Americans are increasingly seeking refuge in suburban and exurban areas. This shift marks a significant trend in the housing market as millennials and Gen Z homebuyers prioritize affordability and quality of life over urban convenience.
Zillow highlights that many of these "hidden gem" communities offer a blend of charm, affordability, and accessibility. Young buyers are drawn to suburbs that provide a sense of community, good schools, and ample recreational opportunities. With remote work becoming more common, the need to live close to city centers has diminished, allowing young families and professionals to explore living options further from the hustle and bustle.
These emerging suburban areas are not just about lower prices; they often boast unique local cultures, vibrant downtowns, and outdoor spaces that appeal to younger generations. As more people discover the benefits of suburban living, it seems that the allure of the "burbs" is making a strong comeback in the American real estate landscape.
