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However, Just 13 percent think that homeownership is “extremely attainable,” significantly lower than the shares for young millennials (21 percent) and older millennials (23 percent).

  • 77 percent of Gen Z view homeownership as being “at least somewhat attainable” within the next 10 years.
  • However, the share who consider homeownership to be “extremely important” is notably lower for Gen Z (26 percent vs 35 percent of young millennials).
  • 87 percent of Gen Z respondents to our survey view homeownership as being at least somewhat important, similar to the rate for millennials.
  • We have seen this dynamic play out in local rent prices, where over the last 18 months these cities experienced dramatic rent declines followed by similarly-dramatic rent rebounds as residents cycle in and out of the rental market.īeyond these three, other technology-friendly markets that are experiencing high outbound migration this quarter (e.g., San Francisco, Boston, Denver, Baltimore) also rank high in terms of remote-friendly workforces and dramatic price swings. Newfound flexibility has likely given many residents of these metros the opportunity to move somewhere new, which in turn creates vacancies that attract new renters from afar. In fact they rank first (San Jose), fourth (Austin), and eighth (Raleigh) in terms of the share of their workforce that have remote-friendly occupations.

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    These regions stand out as technology hubs heavily disrupted by the remote work revolution. In San Jose and Raleigh specifically, the cross-metro rate exceeds 50 percent for both outbound and inbound searches.

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    These three “revolving door” metros are the only places that appear in the top 10 for both metrics. And in the case of San Jose, Raleigh, and Austin specifically, the places that are experiencing high turnover with many renters considering moving both in and out.

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    Together, these stats show which places are growing in popularity and attracting interest from renters across the country, and which areas renters are ready to move on from. On the left are the ten metros with the highest share of residents searching to move away to a different metro on the right are the ten metros with the highest share of inbound searches coming from users who currently live in a different metro. The table below shows the metros with the most inbound and outbound cross-metro searches this quarter.















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