The Biggest Myths About Moving to the Suburbs
Myth No. 1: Real estate is less expensive in the suburbs Historically, the average listing price of an urban home has been higher than a suburban home. But these days, don't expect to hit the suburbs for a bargain. During the pandemic, listing prices in the suburbs have actually grown at a faster rate than in cities, according to realtor.com. Currently, the median listing price of suburban properties within the 10 largest metros is growing by 5.2% year over year. In urban areas, the growth rate is only 2.4%. That's true in Fairfield County, CT, where prices have risen an average of 33% since September 2019, according to Debbie Rehr , a licensed real estate salesperson for Compass Westport in Westport, CT. Rehr, who lives in Weston, CT, says this area is only an hour's drive from New York City and is attracting attorneys, financiers, entrepreneurs, and other affluent professionals looking for places to live, relax, and raise children. Myth No. 2: The suburbs are boring Mo...