As millennials age, partner up and have kids, it’s anticipated that more of them will head to the suburbs for more space and affordability. But there’s still a large cohort of the millennial generation flocking to cities for jobs and an urban lifestyle.
Some neighborhoods have more millennial renters than others, so RentCafe, an apartment search website, researched U.S. Census Bureau data to determine where the millennial hot spots are and where millennials have moved in recent years.
The top five Zip codes with the largest share of millennials include 60661 in the West Loop in Chicago, where 73 percent of residents are millennials; 19127 in Philadelphia’s Manayunk neighborhood (71 percent); 10005 in Manhattan’s Financial District (71 percent); 02113 in Boston’s North End (70 percent); and 20036 in the District’s Dupont Circle, where 69 percent of residents are millennials.
Among the top 20 Zip codes where the share of millennials has increased the most during the past five years, three are in Los Angeles (90014 and 90013 in downtown L.A. and 90048 in Mid-Wilshire). The 90014 Zip code saw a 91.4 percent increase in the share of millennials over the past five years.
Two neighborhoods among the top 20 are in Manhattan (10282 in Battery Park City and 10069 in Lincoln Square).
Others Zip codes among the top 10 neighborhoods with the biggest increase in the share of millennials over the past five years include the Southwest Waterfront’s 20024 Zip code in the District; Portland, Ore.’s 97232 in the Kerns/Laurelhurst area; 32204 in Jacksonville, Fla.’s Springfield neighborhood; 19125 in Philadelphia’s Kensington neighborhood; and 94114 in San Francisco’s Castro neighborhood.
For the full report, click here.