Millennials seem to be more inclined to live in urban areas, but a large percentage of millennial homeowners and renters are moving to suburbia. City life might seem more appealing to the younger crowd, but the suburbs offer plenty of perks, too.
1. You’ll get more for your money.
Rent prices might seem similar in the city and the suburbs, but you’re most likely getting a lot more for your money in the suburbs. The average rent per square foot in the city is $1.22, while suburban rent per square foot is $1.04.
2. You’ll have more space.
In the suburbs, you’ll definitely get more space. Dreaming of more counter space in the kitchen, a grand entryway, or a home office? Start looking in the suburbs. You’ll also have easier access to community parks, nature escapes, and parking lots that don’t require you to circle the block until you find enough space to parallel park.
3. You’ll have more privacy.
With more space comes more privacy. In the suburbs, you’ll have access to more single-family homes that fall within your budget. This means you might not have to share a wall or ceiling with neighbors. You might even have your own backyard!
4. You’ll live in a safer area.
Crime rates are generally lower in suburban areas than in larger neighboring cities. In fact, it’s not uncommon for major cities to have twice the amount of property crime rate and violent crime rate as suburban areas.
5. You’ll have access to better schools.
Urban areas aren’t known for their spectacular school districts. On the flip side, suburban areas are! Suburban districts usually have much higher graduation rates than urban ones, and they often boast about their high-performing schools. If you don’t have or want kids, it’s still important to think about these things if you’re planning on buying (and possibly selling, down the road) a home.