As the 35 and under crowd continue to be the largest group of homebuyers, they are leaving the bright lights of the city behind to build families outside city limits. Last year, only fifteen percent of millennials bought in an urban area, according to the National Association of Realtors generational survey. But they’re not moving out to the boonies: “surban” is the newest trend—areas with a mix of urban and suburban features.
These more affordable communities are walkable, have great access to parks, restaurants and retail, and have popular public schools. Plus, they offer boutiques and mom-and-pop shops instead of big box stores. The properties are usually in better condition and priced within reach. Surban is the sweet spot between city living and suburban space that millennials and young families are migrating to. They are projected to attract the most households in the U.S. over the next ten years, according to a demographic study by the Urban Land Institute.
Tempe, Arizona is one of the most notable examples of surban living, and there are a handful of cities not far behind. If you’re ready to find your dream home in the “surbs”, fill out the form below!