This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Great Cities for Gen Y'ers

BOSTON ( MainStreet) -- With mobile phones, mobile computing, Foursquare and GPS, "Generation Y" seems like it's always on the move -- but where should its 20- and 30-something members be moving to?

Move Inc. (MOVE), parent company of Realtor.com and other relocation-oriented Web sites, recently assessed dozens of U.S. cities for everything from nightlife to average apartment rents to find five great places for Gen Y'ers to live. Also called millennials because they've come of age since the year 2000, Gen Y'ers are young adults in their 20s and early to mid-30s.

"We're finding that millennials look at buying homes differently than baby boomers do," Move's Julie Reynolds says. "Where baby boomers look at homes more as investments, millennials see housing as more of a lifestyle option. More millennials are living closer to where they work, closer to the central part of towns and focus on cultural activities and other things to do other than just work."

So Move assessed cities for such things as parks, museums, professional sports teams and other recreational offerings.

The firm also focused on communities with nearby colleges and universities, as many Gen Y'ers are looking for undergraduate or graduate-study programs.

And since many Gen Y'ers are just starting out and need jobs and affordable housing, Move found cities with low unemployment rates, modest average rents and affordable median home prices.

"We looked for communities where the local real estate market has either hit bottom, is very, very close to the bottom or has already begun rebounding," Reynolds says. "We figured Gen Y'ers might want to 'test drive' a community as renters, then put down some roots and buy their first homes if they like it."


Lastly, the site picked communities in states a recent U.S. Census Bureau study identified as the top relocation destinations for Americans.

Click below for an alphabetical rundown of the five cities Move recommends for Gen Y'ers. Median property prices refer to asking prices on Realtor.com as of May and exclude mobile homes. Average rents reflect listings on Rentbit.coms, and local jobless rates are U.S. Bureau of Labor Statistics figures as of May.

1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $123.25 -0.80%
FB $83.30 0.35%
GOOG $548.34 -1.23%
TSLA $185.00 -2.84%
YHOO $45.10 1.42%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs