San Antonio is the Top Destination for Gen Z Movers, While Millennials Favor Houston
Redfin data shows Gen Z clustering in early-career job hubs and millennials favoring larger, more affordable housing in big but cheaper metros.
Rhea-AI Summary
Redfin (RKT) reports that in 2024 San Antonio drew the largest net inflow of Gen Z movers, while Houston attracted the most millennials.
San Antonio gained 10,678 more Gen Zers than it lost, ahead of Washington, D.C., Austin, Nashville and Dallas. Houston posted a net inflow of 16,365 millennials, followed by Dallas, Baltimore, Las Vegas and Atlanta, all with median home prices under $450,000. New York saw the biggest net outflow for both generations, with 29,554 Gen Zers and 42,698 millennials leaving, while Los Angeles was another major loser of young adults.
Gen Zers tend to choose metros with early-career job opportunities and lively social scenes, whereas millennials prioritize more space and relative affordability. Most moves for both groups are short-distance shifts between neighboring metros, and the share of young adults making major relocations has edged down compared with 2014.
Positive
- None.
Negative
- None.
Key Figures
- Gen Z net inflow
- +10,678
- San Antonio metro
- Millennial net inflow
- +16,365
- Houston metro
- Gen Z net outflow
- -29,554
- New York metro
- Millennial net outflow
- -42,698
- New York metro
- Young adults relocating
- 14%
- 19-24 year olds in 2024
- Young adults relocating
- 9%
- 25-34 year olds in 2024
- Typical home-sale price
- $832,000
- New York
- Typical home-sale price
- $309,000
- Philadelphia
Historical Context
-
Redfin reported elevated mortgage costs and weaker pending home sales amid housing affordability pressure.
-
Redfin reported a record gap between U.S. home sellers and buyers across tracked metros.
-
Redfin reported rising listings and inventory while pending home sales remained weak.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Gen Zers are flocking to places with lots of job opportunities for young people, like
Washington, D.C. ,Austin andNashville . Millennials are heading to places where they can get bigger houses for less money, likeDallas andBaltimore . - Gen Zers and millennials are mostly making short-distance moves from expensive to more affordable places, like from
Los Angeles to neighboringRiverside , orNew York to nearbyPhiladelphia . - Young adults are less likely to make a major move than they were a decade ago.
One thing the generations have in common:
"Gen Zers are chasing opportunity, while millennials are chasing space," said Sheharyar Bokhari, a principal economist at Redfin. "Younger adults are gravitating toward cities where they can launch careers and their social lives, while millennials are more focused on places where a paycheck stretches further and buying a home is attainable. But young Americans aren't fleeing expensive cities for the cheapest place they can find: Most are making relatively short moves, suggesting they want a better job or lower cost of living without giving up their existing networks. And the fact that expensive coastal cities are losing residents from both generations is a reminder that even the biggest job centers can lose their pull when housing costs get too high."
Gen Zers Are Flocking to
|
Metro |
Net Inflow |
|
|
+10,678 |
|
|
+8,631 |
|
|
+8,590 |
|
|
+8,093 |
|
|
+6,944 |
|
|
+6,198 |
|
|
+4,397 |
|
|
+3,990 |
|
|
+3,382 |
|
|
+3,347 |
Three of those five metros are in
Kristin Sanchez, a Redfin Premier agent in
"
The Big Apple posted a net outflow of 29,554. It's followed by:
Minneapolis (-17,815)Los Angeles (-16,465)Denver (-13,882)Detroit (-11,696).
Affordability—or lack thereof—is part of the story in pricey
Texas Has Always Been a Hotspot For Young Movers—But Other Popular Destinations Have Changed Over the Last Decade
Twenty-somethings were moving to different places a decade ago—with a few exceptions. In 2014, the most popular destinations for millennials (then 19-33 years old) were
Back in 2014, when the
On the flip side is the metro areas young people were leaving a decade ago. In 2014, 19-33 year olds were most commonly moving away from
Dallas (+13,072)Baltimore (+11,724)Las Vegas (+8,860)Atlanta (+8,753).
Millennials are in their 30s and early 40s, ages when buying a home and finding more space can weigh more heavily on moving decisions. Their top destinations are large employment centers where housing generally costs less than in coastal cities like
Like Gen Zers, millennials are leaving
Los Angeles (-31,107)Miami (-21,373)Washington, D.C. (-12,364)San Francisco (-11,819).
For Gen Zers and Millennials, the Most Common Moves Are Short Hops, Not Cross-Country Treks
The most common Gen Z route is
New York toPhiladelphia (9,284 movers)Los Angeles toSan Diego (9,237 movers).
Rather than making major cross-country moves, many Gen Zers are reshuffling within the regions they already live in as they pursue jobs or cheaper housing. The typical home in
Like Gen Zers, millennials frequently move between neighboring metros. Also like Gen Zers, their most popular route is
Washington, D.C. toBaltimore (11,343 movers)- San Jose to
San Francisco (11,302).
For millennials, some of those moves offer a clear housing tradeoff: relocating from
Big Moves Are Becoming Slightly Less Common For Young Adults
Young adults are a bit less likely to make a major move than they were a decade ago—or even just before the pandemic. Roughly
Remote work has made it possible for young adults to start their careers or change jobs without changing cities, and high housing costs in certain places may be discouraging some would-be movers.
To view the full report, including interactive charts and methodology, please visit: https://www.redfin.com/news/where-gen-z-millennials-move
About Redfin
Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin's clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.
You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com.
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SOURCE Redfin
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Which metros besides San Antonio are top Gen Z destinations?
After San Antonio, the largest Gen Z net inflows are in Washington, D.C. (+8,631), Austin (+8,590), Nashville (+8,093), Dallas (+6,944), Providence (+6,198), Las Vegas (+4,397), Virginia Beach (+3,990), Honolulu (+3,382) and Charleston (+3,347).
What are the most common move routes for Gen Z and millennials?
For Gen Z, the most common route is Los Angeles to Riverside with 10,261 movers, followed by New York to Philadelphia (9,284) and Los Angeles to San Diego (9,237). For millennials, the top route is also Los Angeles to Riverside with 19,983 movers, then Washington, D.C. to Baltimore (11,343) and San Jose to San Francisco (11,302).
How have major moves by young adults changed since 2014?
Roughly 14% of 19–24 year olds moved away from their metro in 2024, down from about 15% in 2014. For 25–34 year olds, about 9% relocated in 2024 versus roughly 11% in 2014. The company said remote work and high housing costs in some areas may be contributing to the decline in long-distance moves.