America largely remains a suburban nation. Younger generations threatened to modify that, with numerous expressing an increased wish to live in urban locations, but their numbers lately are showing a shift to the suburban areas.
The suburban areas are outstripping downtown’s in overall population growth, diversity, and younger residents, in accordance with a new study of population trends and housing from the Urban Land Institute’s Terwilliger Center for Housing.
The suburban areas Are experiencing a Moment
Seventy-nine percent of the population in the 50 largest metros live in suburban areas. From 2000 to 2015, suburban areas made up 91 percent of the population growth and 84 percent of the household growth, the study shows. What’s more, three-quarters of people age 25 to 34 in those metro areas are opting to reside in the suburbs.
The primary motivators that have traditionally sent people packing towards the suburbs are still high priorities today: Lower-cost of housing and proximity to jobs. In 2014, about two-thirds of jobs in the 50 largest metros were found in the suburbs.
The study’s findings, however, also note several challenges ahead for suburbs as they face swelling populations. As an example, researchers note that city officials will need to evaluate the way that they provide services such as public transportation in less-affluent suburban areas, particularly as more people become spread out and the fact that there are actually less established nonprofit bases in the suburban areas than cities.
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$517,000-
Lot Size12,633 sqft
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Home Size1,280 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1922
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Days on Market1
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