Stay Away From These Towns If You Don’t Want to Have Millennials As Your Neighbors

PennyGem’s Elizabeth Keatinge tells us where millennials are buying up homes.

Transcript

00:00Location is everything when it comes to where you live, right?

00:07Well, if you're trying to avoid some millennials knocking on the door asking to borrow an avocado,

00:12you may want to strike these places off your list of potential neighborhoods.

00:16According to analysis of National Association of Realtors data, real estate website Sunday

00:20found that many millennials are moving to Salt Lake City.

00:24It's environmentally friendly and offers plenty of outdoor activities.

00:28Denver came in fourth with its proximity to skiing and snowboarding and strong public

00:32transportation system.

00:34San Jose, California is also a millennial destination, conveniently located near Google

00:39and Apple.

00:40Buffalo, New York's low median home prices have millennials heading to this city, just

00:44a six and a half hour drive to New York City.

00:47If they can stand the cold winters, Minneapolis may be where millennials migrate.

00:51It's first on Sunday's list with a low unemployment rate at 3% and the rise of biomedical, professional

00:57and technology sectors.

00:59Oh, but hey, even if you avoid these cities, you could still end up next door to a millennial.

01:04According to a Magnify Money study in Miami, Los Angeles and New York, more than one in

01:08four residents ages 25 to 40 live with their parents.