Report: Arlington, Virginia Is Millennial Town U.S.A.
Rob Wile shares news of a report by RealtyTrac, finding that Arlington, Virginia is the U.S. city with the highest percentage of millennials, at 40 percent. "The Washington DC suburb saw the share of its residents born between 1977 and 1992 climb 78 percent from 2007 to 2013," according to Wile.
Wile notes that the Washington D.C. area, not just Arlington, dominates the leaders in millennial population: "The city of Washington DC proper is now 35 percent millennial, up 30 percent from 2007; and Alexandria, Virginia is now 34 percent millennial, up 80 percent from 2007."
Writing for RealtyTrac to announce the report, Daren Blomquist provides additional details of the report, which includes data that suggest buying is more affordable than renting in the majority of U.S. housing markets.