Top Millenial Zip Codes Trend Towards Urban Cores

It's not a news flash to learn that Millennials—people born between 1977 and 1996—love living in the city. But what cities and urban areas in particular do they favor?

To find out, apartment-search firm RENTCafé analyzed U.S. Census data to find where millennials live and their next potential hot spots. The company then ranked ZIP codes in the 30 biggest U.S. cities by three measures: (1) highest increases in millennial population from 2011 to 2016; (2) largest current share of millennials; and (3) highest current population of millennials.

As predicted, downtown and areas surrounding urban landscapes are the clear favorites among the Gen Y crowd. Two downtown Los Angeles ZIP codes, 90014 and 90013, saw the highest increases of millennials from 2011 to 2016, at 91.4% and 60%, respectively. The third- and fifth-ranked ZIP codes jumped over to the East Coast, in New York City’s Battery Park City and Lincoln Square, with 54.5% and 47.7% reported increases, respectively.

In the rest of the top 20, Denver has four ZIP codes present, with one near downtown and three in neighborhoods. Other top cities with the highest influx of millennials include San Francisco and Philadelphia, with two each.

ZIP codes with the largest share of millennials differed from those experiencing the highest Gen Y increases. In Chicago’s West Loop, 60661, 73% of residents are millennial members. The study reports that this ZIP code "is as close as it gets to business without actually being in the Loop, and has only recently been turning into a more residential area.”

Two neighborhoods tied for second in millennial share, with 71%: Philadelphia’s Manayunk and lower Manhattan’s Financial District. The downtown areas of Denver; Dallas; Oklahoma City; Columbus, Ohio; Charlotte, N.C.; and Indianapolis also have high shares of millennials.

Population-wise, areas surrounding New York City make up nine of the top 20 of those with the largest millennial populations, but none is in Manhattan. From Williamsburg in Brooklyn to Corona in Queens, over 40,000 millennials call these ZIP codes home. ZIP code 11211, in Williamsburg, houses 43,700 millennials, the largest amount in the U.S.

Chicago comes in second in population, with its Lakeview neighborhood (41,500) and has another six ZIP codes in the top 20 list. The other four remaining population-heaviest cities are Los Angeles; El Paso and Houston, Texas; and San Francisco

Comments

Post a Comment

Popular posts from this blog

34 Trends That Will Define Home Design In 2020

Image
Kitchens 1. Three-tone kitchens.  Two-tone kitchen cabinets — meaning the upper cabinets are one color and the lower cabinets another color, or the perimeter cabinets are one color and the island is a different color — dominated kitchens in the past couple of years. So it’s only natural that designers are building on the trend rather than doing away with it. In a three-tone kitchen, one more color or material is introduced to create an asymmetry in the palette that helps define zones or functions and keeps the eye moving. Here, designer Janina Cabrera of  J Style at Home  designed a gorgeous kitchen with white perimeter cabinets, a light wood island base and a knockout powder-blue hutch. In this kitchen by  Hutker Architects , a deep navy defines the refrigerator and pantry wall to the left, joining white perimeter cabinets and a superlight wood island base. Wood via the beams, ceiling, shelves and flooring adds to the diverse three-tone palette. ...
Read more

10 Things You Should Buy Now To Get Through COVID-19 Cabin Fever This Winter

  1. Outdoor gear Dave Labbe , senior vice president at Kittery Trading Post, saw record sales this summer of items like kayaks, camping gear, and bicycles. He expects the trend to continue for the winter. "Our anticipation is that all winter categories will see the same trend," he says. "Snowshoeing, cross-country skiing, downhill skies, snowboarding, and winter camping and hiking will boom as people continue to participate in anything outdoor-related." And outdoor activities aren't just for weekends, either. Kids who are still learning from home will need outdoor breaks. Store inventories of  backyard ice rink kits ,  backyard snowboards , skates, sleds, and snowman kits may melt away quickly. 2. Outdoor clothing Coats, hats, and mittens are popular every winter season, but this year you might have trouble finding what you want as more people brave the cold and snow to fend off cabin fever. "People want to continue spending time together safely this winte...
Read more

Black Homeownership Plunges To Record Low

The homeownership rate of black Americans hit an all-time low in the first quarter of this year as black communities continue struggling to recover financially from the housing crisis a decade ago, recent U.S. Census Bureau data shows. The black homeownership rate has dropped 8.6 percentage points since peaking in 2004. “We can see that discrimination is still there, although it has changed its form,” Michela Zonta, a senior policy analyst at the Center for American Progress, told  The Wall Street Journal . Zonta released a study this week that found higher-income black homeowners are more likely to purchase homes in predominantly minority neighborhood, which have mostly failed to see home values rise since the foreclosure crisis. In comparison, neighborhoods with predominantly white borrowers have seen homes appreciate 3% between 2006 to 2017, while homes in predominantly black neighborhoods tended to be worth 6% less than they were in 2006, according to Zonta’s study. ...
Read more