Feb 25

10 Metros Attracting Gen Xers

10 Metros Attracting Gen Xers

 

10 Metros Attracting Gen Xers. Image courtesy of stockimages / FreeDigitalPhotos.net

10 Metros Attracting Gen Xers. Image courtesy of stockimages / FreeDigitalPhotos.net

Generation X, those born between 1965 and 1976, has had the sharpest drop in home ownership since the recession, according to U.S. Census data. Home ownership among the age group has plunged 9 percent since 1994, with researchers pointing to unemployment mostly to blame.

But while there’s much talk about millennials and baby boomers in real estate, Gen X is still an important generation. As the economy continues to recover, they’re re-entrance into home ownership is expected to recover as well.

A recent report by RealtyTrac uses Census data to find which metros Gen-Xers are gravitating to. The following metro areas have the largest bulk of Gen Xers.

  1. Raleigh-Cary, N.C.: 18.54% (the percentage of the population that is Gen-X)
  2. Atlanta-Sandy Springs-Marietta, Ga.: 18.01%
  3. Charlotte-Gastonia-Concord, North and South Carolina: 18.01%
  4. San Jose-Sunnyvale-Santa Clara, Calif.: 17.94%
  5. San Francisco-Oakland-Fremont, Calif.: 17.58%
  6. Washington, D.C.-Arlington-Alexandria, Va.: 17.57%
  7. Austin-Round Rock, Texas: 17.50%
  8. Dallas-Fort Worth-Arlington, Texas: 17.26%
  9. Bridgeport-Stamford-Norwalk, Conn.: 17.12%
  10. Seattle-Tacoma-Bellevue, Wash.: 17.11%

Source: “X Marks the Spot for Gen-X Density,” RealtyTrac (Feb. 13, 2015) and “Don’t Blame Millennials for Ownership Drop,” REALTOR® Magazine Daily News (Oct. 28, 2014)

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