Millennials. Much ink has been spilled trying to figure out what they want and where they want to do it. America’s largest and youngest generation is already having a massive effect on the economy, and where they decide to live is a big factor.
Realtor.com recently analyzed their listings to see how much millennials were looking at pages for the 60 largest U.S. cities between August 2016 to February 2017. From there they compiled a ranking of the top ten cities for millennial home buyers, and three of them can be found in California.
Los Angeles was the highest-ranking on the list at No. 6. While LA will always be a place for young people looking to get into the entertainment industry, it’s the booming tech industry that really put their interest into overdrive. Realtor calls out Highland Park and Atwater Village as two trendy neighborhoods for them as well as Downtown Los Angeles, which is in the midst of a building boom.
San Francisco checks in at No. 9 on the list. It’s lower thanks to an insane housing market that sees median home prices at $849,000 and median rent for a one-bedroom at $3,270. Still, the plethora of tech companies and the booming economy keep millennials interested in the city even if they can't afford it.
Nearby San Jose rounds out the top in the No. 10 spot. If you thought the median home price in San Francisco was high, get a load of San Jose’s $950,000. But once again, that’s secondary to the fact that you can move here and work for Apple, Facebook, Google, or one of the other tech companies who call the area home. The warm weather doesn’t hurt either.