10 Metros Attracting Gen Xers
Realtytrac Staff | February 24, 2015
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.
Real Estate's Generation Gap
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.
- Raleigh-Cary, N.C.: 18.54% (the percentage of the population that is Gen-X)
- Atlanta-Sandy Springs-Marietta, Ga.: 18.01%
- Charlotte-Gastonia-Concord, North and South Carolina: 18.01%
- San Jose-Sunnyvale-Santa Clara, Calif.: 17.94%
- San Francisco-Oakland-Fremont, Calif.: 17.58%
- Washington, D.C.-Arlington-Alexandria, Va.: 17.57%
- Austin-Round Rock, Texas: 17.50%
- Dallas-Fort Worth-Arlington, Texas: 17.26%
- Bridgeport-Stamford-Norwalk, Conn.: 17.12%
- Seattle-Tacoma-Bellevue, Wash.: 17.11%
Source: Realtor Magazine Daily News & Realty Trac