Forget the twinkling of big city lights — Generation Zers are moving into homes in the area.
The youngest generation of adults is moving to the Great Plains and mountain West in search of lower costs and “simpler hearts,” data from StorageCafe and LendingTree found.
In 2021, Gen Z will make up the largest percentage of people moving to South Dakota (16%), North Dakota (15%), Idaho (15%), Iowa (14%) and Kansas (14%), either to rent or buy , according to StorageCafe data obtained by Insider.
When it comes to settling down and buying a home, young adults (average age 22) are most interested in getting a mortgage in Salt Lake City (22.59%), followed by Oklahoma City (22.36%) and Birmingham, Alabama (20.79%), LendingTree reports.
“Gen Zers are increasingly drawn to a more modest lifestyle in their housing choices,” Emilia Mann, senior analyst at StorageCafe, told Insider.
“Unlike millennials, who often gravitate to DC, Washington [state] and Illinois, Gen Zers tend to favor states with lower population densities, from the mountainous regions of Montana and Idaho to the plains of Kansas and Nebraska.”
Gen Z adults are moving to the Great Plains and mountain West — including states like Idaho, above — in search of lower costs and “simpler hearts,” data from StorageCafe and LendingTree found. Getty Images/iStockphoto Gen Z makes up the largest percentage of people moving to South Dakota (16%), North Dakota (15%), Idaho (15%), Iowa (14%) and Kansas (14%), either to rent or buy, according to new data.Getty Images/iStockphoto
Looking at the absolute numbers, StorageCafe found that the three states with the largest total populations saw the most Gen Z newcomers, including Texas (360,374), California (256,587) and Florida (175,889), and the Great Plains and Mountain West regions saw the largest. the percentage of the new population is young.
“While the numbers may be smaller in less populated states, the ratio of Gen Z newcomers to the incoming population is significant,” Mann explained to the Daily Mail.
“Besides the natural beauty, [the Great Plains and Mountain West regions] also has a strong economy centered on energy production, manufacturing and technology,” he added.
When it comes to settling down and buying a home, young adults are most interested in taking out mortgages in Salt Lake City, Oklahoma City and Birmingham, Alabama, reports LendingTree.Getty Images
Mann notes that, in addition to the region, Gen Zers are also “gravitating toward Southern states, drawn by affordable housing, promising job opportunities and an active lifestyle.”
Meanwhile, they have the least interest in buying a home in San Francisco, New York and San Jose, California, according to LendingTree.
“The increasing trend toward remote work has been a significant factor in shaping current housing options,” Doug Ressler, manager of business intelligence at Yardi Matrix, told StorageCafe.
“For those who spend more time at home, amenities such as dedicated home offices and larger yards are increasingly desirable, which often means moving further away from busy urban hotspots.”
Remote work and inflation are causing Generation Zers to abandon their big city dreams and move to smaller towns to start their adult lives. Getty Images/iStockphoto
Although some Gen Zers are moving to the West, many young adults are still living at home.
A recent Pew Research Center study found that a quarter of US adults aged 25 to 34 will live in a multigenerational family household in 2021. But by comparison, in 1971, only 9% of adults of the same age did in a multigenerational home. , while in 2011, about 20% were.
“I’m just trying to save more money so I can be comfortable when I move and fully support myself like 100%,” Nada Torbica, 22, of Boca Raton, Fla., told The Post last year.
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Source: thtrangdai.edu.vn/en/
