Register Login (480) 240-9724
  • Email
  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube
  • Home
  • Search
    • Search All Properties
    • Search by Map
    • New Build Home Search
    • Featured Listings
    • New Listing Notifications
  • Neighborhoods
    • Chandler
    • Gilbert
    • Mesa
    • Phoenix
    • Queen Creek
    • San Tan Valley
  • Buyers
  • Sellers
    • Sellers
    • What’s My Home Worth?
    • We Buy Houses in Arizona!
  • Blog
  • About
    • Our Agents
    • Our Mission
    • Client Testimonials
    • Explore the East Valley
    • Shea Preferred Realty Group
    • Security Title Agency
  • Contact
Home > Millennials and Boomers Trading Places

Millennials and Boomers Trading Places

September 3, 2014 by vleeson Leave a Comment

As the economy improves, Millennials and Baby Boomers are on the move, but they’re heading in opposite directions, according to a new analysis by real estate data firm RealtyTrac.

Find out why Millennials won’t buy a home that looks like their parents’ home.

Each year, 17 million Americans (or about 6 percent of the population) move into a different county, according to Census Bureau data. RealtyTrac’s analysis found Millennials (considered born between 1977 to 1992, in this survey) to be the most mobile generation, moving away from counties with populations of 178,000 or fewer and moving into counties with larger populations (500,000-plus).

“The Millennial generation is generally moving from lower-priced to higher-priced markets for both buying and renting, with the tradeoff being more jobs (lower unemployment) and higher median incomes in the markets they are moving to,” the report revealed.

On the other hand, Baby Boomers (defined as being born between 1945 to 1964) are moving away from higher-priced markets with large populations to lower-priced markets in smaller counties. Baby Boomers are gearing up for retirement and are less concerned about the job market and more concerned with living in an affordable place, the report says.

According to RealtyTrac’s analysis, here’s where Millennials are heading:

  1. Fayette, Ga. (Atlanta)
  2. Citrus, Fla. (Homosassa Springs)
  3. El Dorado, Calif. (Sacramento)
  4. Yavapai, Ariz. (Prescott)
  5. St. Clair, Mich. (Detroit)
  6. Livingston, Mich. (Detroit)
  7. DeKalb, Ill. (Chicago)

RealtyTrac’s analysis shows Baby Boomers are moving away from at the fastest rates:

  1. Fulton, Ga. (Atlanta)
  2. Arlington, Va. (Washington, D.C.)
  3. DeKalb, Ga. (Atlanta)
  4. Wayne, Mich. (Detroit)
  5. Clayton, Ga. (Atlanta)
  6. Alexandria, Va. (Washington, D.C.)
  7. Milwaukee, Wis. (Milwaukee)

Where are the Boomers heading then? The highest percentage of Baby Boomers are moving to Florida, near Punta Gorda, Orlando, and Cape Coral, according to the report. Also, a high percentage of Boomers are heading to counties near Prescott and Phoenix, Ariz., and Hilton Head, S.C., according to the report.

Source: “10 Places Boomers and Millennials Are Escaping From the Fastest,” The Wall Street Journal (Aug. 17, 2014)

Filed Under: Real Estate, Real Estate Market, Real Estate news

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

New Listing
Notifications

  • Email Alerts for New Homes
  • Save Your Favorites
  • Price Change Notifications
  • Plus More...
Sign Up

What's Your
Home Worth?

Find Out

Categories

Client Testimonials

"Hey Ben! I just wanted to tell you that I am so extremely happy in Queen Creek! It’s everything I had been wanting for my family, and had no idea... continued"
- Dan & Kiera P.
View All

Listing Notifications

Sign Up! New listings delivered to your inbox!
Sign Up Now

Stay Connected

  • Email
  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube

Arizona Experience Realty Group

We strive to provide unparalleled customer service so that our clients, both buyers and sellers, are thrilled with the outcome and comfortable with the entire process. We make it our mission to be resourceful, responsive, and attentive to each client, supporting them with the most progressive and efficient technology.

Meet Us

Arizona Experience Realty Group

36460 N Encanterra Drive
San Tan Valley, AZ 85140

(480) 240-9724
Contact Us

sitemap   •   admin   •   ©2025 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com