Dallas Most Popular City in U.S. With Generation Y — Millennials

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According to giant Moving.com, an online source for moving-related services, millennials love Dallas. Like, a whole lot.

Seems that with the job market so tight and everything pretty sucky once they graduate from college, millennials are shunning NYC and the We$t Coa$t for cities with job growth and affordable housing. And guess what, we have both. The cities topping the millenial-friendly list include number one Dallas; Tallahassee; Athens, Ga.; Phoenix; and Pittsburgh.

This was all based on local unemployment rates, affordable rents and home prices and the presence of communities that appeal to Generation Y.

Not sure if that would be the Arts District or the new breweries going up in Trinity Groves.

Dallas’ unemployment rate is well below the national average at 6.5%, and our average monthly rents don’t kill you at $1,314. And this is preaching to the choir: I know what great values our homes are and preach it: median home listing price of $204,900, likely a three bedroom, two bath that is not falling apart.

Tallahassee has cheaper rents at $787 a month, and real estate is cheaper with the median list price holding steady at $159,000. Unemployment in Tallahassee is also low at 6.7%.

But Tallahassee sure has more bugs than we do.

Phoenix rents are cheaper than in Dallas, $828 per month, but I’ll bet the A/C bills more than make up for that. I still do not get Phoenix — all you have is golf, palm trees and pretty mountains. More suitable for Baby Boomers, I would think, who golfs any more? Still, Phoenix holds a 6.6% unemployment rate. Home prices also are a steal but that’s because they went nuts during the boom. Median value home is holding at $185,500.  And that probably was a $500,000 at the height of the boom.

For some reason, Pittsburgh is on this list. OK, it has a 6.3% unemployment rate, average rents in the $1,074 per month range and a median home list price of approximately $143,250. Also snow, sludge, and it’s in Pennsylvania. Aside from Carnegie Mellon University and Chatham College, I don’t get it.

Candy Evans, founder and publisher of CandysDirt.com, is one of the nation’s leading real estate reporters.

9 Comments

  1. Gina Morgan on July 18, 2012 at 3:58 pm

    Looking for a Commercial/Industrial roofing co with a A+ BBB status serving N Texas since 1971, our clients include Apple Corp (AppleBees) and The Dallas Zoo We are Lone Star Roofing and Construction on Shiela Dr view our video http://www.youtube.com/watch?v=8H-LWtj0dos&feature=youtu.be Thank You!

  2. Gina Morgan on July 18, 2012 at 3:58 pm

    Looking for a Commercial/Industrial roofing co with a A+ BBB status serving N Texas since 1971, our clients include Apple Corp (AppleBees) and The Dallas Zoo We are Lone Star Roofing and Construction on Shiela Dr view our video http://www.youtube.com/watch?v=8H-LWtj0dos&feature=youtu.be Thank You!

  3. Candy Evans on July 18, 2012 at 6:48 pm

    Thanks, Gina, for that commercial break!

  4. Candy Evans on July 18, 2012 at 6:48 pm

    Thanks, Gina, for that commercial break!

  5. Prudential Snyder on July 19, 2012 at 10:44 am

    I thought Austin was the millenial center of Texas? Can I get a little Dallas vs Austin breakdown?

  6. Prudential Snyder on July 19, 2012 at 10:44 am

    I thought Austin was the millenial center of Texas? Can I get a little Dallas vs Austin breakdown?

  7. Candy Evans on July 19, 2012 at 10:51 am

    I'll email the source. But I agree with you. Plus I hear half of California is moving to Austin: heaven help us.

  8. Candy Evans on July 19, 2012 at 10:51 am

    I'll email the source. But I agree with you. Plus I hear half of California is moving to Austin: heaven help us.

  9. […] Why Dallas Is Popular With Generation Y Millennials [Candy’s Dirt] […]

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