Redfin examines where and how Millennials are living. As it turns out, young people love Chicago.
Enclaves are a feature of almost every American city, and they happen for a variety of reasons. Most notably, of course, are cultural enclaves, which have become little home away from homes for many non-natives. But a less known, yet still growing trend in several metro areas, as Redfin pointed out in a recent survey, is that of Millennial clustering.
As the report indicates, Millennials are flocking to the country’s urban epicenters in droves, and once they get there, they’re figuring out where their peers live and they’re hunkering down right beside them. As a result of the constant grouping, Millennial neighborhoods are beginning to share characteristics, like high price ranges and, not surprisingly, more renters than homeowners.
As it happens, our city of Chicago plays home to seven of the country’s 14 most densely Millennial-populated ZIP codes. Check out our infograph below to see how Millennials are living in The Second City: