Homes.com surveyed Generation Z, found their preferences for where they want to live, and then matched those preferences with six suburbs:
In deciding where to buy a first home, each generation has likes and dislikes that reflect its values and priorities. Recently Homes.com surveyed more than 1,000 members of Generation Z to find out more about their home-buying plans, including what kind of neighborhood they prefer.
The survey found preferences centered around four characteristics:
Diversity. More than half prefer neighborhoods and communities that are racially and ethnically diverse;
Accessibility. Three out of four want a location that is accessible to work as well as to friends and family;
Safety. This is a priority when Generation Z-ers evaluate neighborhoods
Affordability. Generation Z is very aware of rising home prices that have kept millions of millennials from becoming homeowner.
And the six suburbs:
-Lilburn, Georgia (outside Atlanta)
-Florin, California (outside Sacramento)
-Shaker Heights, Ohio (outside Cleveland)
-Glendale Heights, Illinois (outside Chicago)
-Valley Stream, New York (outside New York City)
-Stafford, Texas (outside Houston)
Given these four traits and these six suburbs, there is limited representation from some notable big coastal cities including Los Angeles, San Francisco and the Bay Area, Seattle, Boston, and Washington, D.C. Presumably, these metropolitan are too pricey to meet the priority of affordability.
Additionally, it is interesting to not see on the list cultural opportunities or an exciting location. All big cities have hip locations or neighborhoods that might fit the bill or some of this could be rolled into other factors above. Yet, the list also does not include places like Austin and Denver which have a reputation for being cool.
Finally, I do not know the longer histories of these suburbs. Right now, they are quite diverse (at least in comparison to the image of white and wealthy suburbs) but they might not always have been that way and may not have the same composition in the future. If a lot of Generation Z buyers move to these communities, how would they shape the demographics and character of each suburb?