{"id":177490,"date":"2024-09-13T13:44:04","date_gmt":"2024-09-13T19:44:04","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=177490"},"modified":"2024-09-13T13:45:20","modified_gmt":"2024-09-13T19:45:20","slug":"data-shows-americans-are-increasingly-wanting-to-live-in-affordable-suburbs","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/data-shows-americans-are-increasingly-wanting-to-live-in-affordable-suburbs","title":{"rendered":"Data Shows That Americans Increasingly Want to Live in Affordable Suburbs"},"content":{"rendered":"\n

If you’re wondering which real estate markets make for the best investments going into 2025, the suburbs are where the action is. With affordability a <\/span>major<\/span> concern for buyers, low-priced suburban areas\u2014often below $250,000\u2014have seen a surge of new residents. <\/span><\/p>\n\n\n\n

The good news for prospective investors is that, according to a recent report by <\/span>GoBankingRates.com<\/span><\/a>, these pockets of real estate gold are spread <\/span>out<\/span> throughout the country and represent some of the fastest-growing areas.<\/span><\/p>\n\n\n\n

The Lure of the Suburbs<\/span><\/h2>\n\n\n\n

A recent <\/span>Harvard study<\/span><\/a> found that contrary to the demographic movements of previous generations in the 2000s and early 2010s, young adults in their 20s and 30s are the driving force behind the movement to the suburbs today. The reason? Cities are too expensive to live in. <\/span><\/p>\n\n\n\n

“While there is extensive research and discussion about millennial preferences for walkable urban areas, we found that the places with the largest increases of early millennials were both suburban and on the periphery of metropolitan areas,” said Riordan Frost, a senior research analyst at Harvard’s Joint Center for Housing Studies and one of the authors of a <\/span>report<\/span><\/a> about millennial migration with coauthors Whitney Airgood-Obrycki and Hyojung Lee.<\/span><\/p>\n\n\n\n

Before we get into the top five, it’s worth looking at the housing market’s landscape as things stand right now.<\/span><\/p>\n\n\n