While Baby Boomers make up the largest group of homebuyers today at 42%, Millennials are buying too. Many still love city living, but a growing number are choosing the suburbs.
Why? Three big reasons: space, schools and price.
Space
Downtown and city urban cores put space at a premium with tight square footage and green space. Suburbs offer yards for dogs, garages for cars, and room to breathe.
Schools
Millennials with kids are prioritizing quality education. Suburban school districts often rank higher, making them a draw for 30-something buyers looking to settle down.
Price
City homes often cost more and may need pricey upgrades. In places like Austin, moving just outside the city makes homeownership more attainable.
Suburbs with City Perks
Today’s suburbs are changing. Walkable neighborhoods, restaurants, and shops bring some of the energy of city life without the downtown price tag.
There are plenty of suburban benefits to enjoy including community, safety, privacy, and personalization.
When City Living Still Wins
For some buyers, the city remains non-negotiable:
Jobs downtown
Short commutes
Nightlife and cultural events
Living in the suburbs could mean long drives back to the city, which can wear on both your time and energy.
Bottom line: Suburbs offer affordability, space and schools. Cities offer convenience, culture and jobs. The best choice depends on your lifestyle, budget and long-term goals.
At NewHomeSource, look at an array of suburban homes filtered to your desired area and amenities.
Julie Gordey
A lifelong educator, Julie Gordey, is a retired school administrator. After years of focusing on education, this University of Texas graduate now travels and enjoys freelance writing for BDX and NewHomeSource.com.