our blog

 

El Paso, Texas Has the Greatest Percentage of Millennials Living with Mom

by | Mar 28, 2020 | Real Estate

With Mother’s Day right around the corner, Zillow found the places with the most 24-34 year olds living with their moms.

Grown adults won’t have to go far to celebrate Mother’s Day in El Paso, TX this year. Zillow’s latest analysis found that El Paso has the greatest percentage of millennials age 24 to 34 living with their moms. Other places with a large percentage of millennials living at home with Mom are Miami, Philadelphia, and Riverside, CA.

The percentage of 24-34 year olds who live with Mom has been steadily increasing in the U.S. for the past several years. In 2005, 13 percent of millennials were living with their mothers. That number is now up to 21 percent.

Rents are continuing to rise, which may be why so many young adults are crashing with their moms. The median rent in the U.S. is $1,389 per month and expected to increase almost 3 percent over the next year.

Culture also plays a role — many of the places with a large share of millennials living at home also have communities with a large Hispanic population. Zillow research shows that Hispanic families are more likely to live in multigenerational households than other ethnic groups.

Omaha, NE has the smallest percentage of young adults living with Mom — just 11 percent. Other places low on the list of millennials living with their moms include Seattle, Denver, and Portland.

In honor of all the moms out there, here’s a list of the top 10 places with the most millennials living at home:

Liviing-with-Mom-final

For more information on this analysis, check out Zillow Research.

Powered by WPeMatico

MICKI ESPOSITO

MICKI ESPOSITO

BROKER

An accomplished real estate professional with a distinguished track record of success.  She has spent over 17 years in Atlanta representing buyers and sellers of $1M+ properties and is a tremendous negotiator.  Micki has a unique knack for forming close and authentic relationships with her clients; she steps beyond the real estate transaction and provide them with after care.  Micki has unparalleled marketplace knowledge and thrives on being resourceful; she studies and follows the data beyond the average agent.

WE CAN HELP YOU.

DON’T DELAY. NOW IS THE PERFECT TIME TO MAKE A MOVE.

Set up a FREE consultation with me today. I’ll be sure to make your real estate experience as unique, simple, and satisfying as I can.

Momentous-Staging
HOMEOWNERS GUIDE TO SELLING IT FAST 30-DAY PLAN
CSRA Market Update | Augusta Metro Real Estate Conditions | Augusta Realtor Micki Esposito

It’s All About Supply and Demand | HOME PRICES

As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of...

HOUSE OF THE DAY 😊

  Welcome to 215 Hornsby Lane located in the luxurious River Island neighborhood. This stunning move-in ready home is nestled in the charming cottage section of River Island, offering a lifestyle that combines modern luxury with timeless appeal. With a listing...

Real Estate Market Trends?

The Changing Real Estate Market: Remote Work and Technology The real estate industry is constantly evolving, my friend. Trends and factors shape how buyers, sellers, and agents navigate the market. Today, I want to discuss the latest market trends that are shaping the...

17 Hobbies Just Right to Become Money-Making Side Hustles

If you’re looking to make some extra money, side gigs like babysitting and Uber are great options, but they aren’t the only ones. Whether the pandemic quarantine ignited a love of baking or the excitement of shopping in stores again hasn’t worn off, you can find ways...

How To Sell Your Home With Better Listing Photos

Did you know that over 90 percent of buyers start their home search online, and most first impressions are made from online photos? If you want to make sure that people are interested in buying your home, you need to make sure that the impression it makes is a good...

6 Ways to Overcome the Emotions of Selling a Home

Selling your home can stir up a range of emotions you may not have expected. While you may feel excited about the opportunity to move into a new house, you may also experience feelings of sadness or loss as you prepare to sell your home. Use these tips to help...

5 SIMPLE WAYS TO ADD INSTANT CURB APPEAL.

            Don’t lose potential buyers due to any flaws or unsightliness on the exterior of your home. Use the tips below to wow people at the curb and get them in the door! The best part is, you don’t have to spend a fortune or break...

What does it mean to you: the Future of Home Price Appreciation?

Many consumers are wondering what will happen with home values over the next few years. Some are concerned that the recent run-up in home prices will lead to a situation similar to the housing crash 15 years ago. However, experts say the market is totally different...

WHAT OUR CLIENTS ARE SAYING.

"The Best of the Best"

“Best of the best! If you are looking for a personal, boutique-style home purchasing experience, I highly recommend Momentous Realty. Micki Esposito was fantastic! We discussed what I was looking for in a home in detail, and that same day, she emailed me a short list of properties tailored to what I asked for. I felt like she truly listened. No generic emails with 50 listings of houses you have to weed through yourself. She weeded through the fluff and was able to focus the search on homes I would actually consider. As a result, my home search actually went much quicker than I anticipated. Micki was there from the beginning and even after the closing. She was not only my realtor, she was an advisor and my advocate behind the scenes. I believe that because of all her hard work, the entire process was efficient and much more painless than I expected. I would not hesitate to work with her again and I cannot say enough good things about Micki!”

– Dr. A. Jeffery

Her in depth Knowledge & Integrity are clear from the start.

We were so lucky to have worked with Momentous Realty | Micki on our home purchase. Her involvement in leveraging our position in our home purchase and synergistic solutions are the very reason why we are homeowners today. Her service was beyond compare, even a more powerful statement knowing that we aren’t her typical market. Her strong in-depth knowledge + integrity are clear from the start.

– M/M Woodson, Senior Executives

The results were amazing

She was very professional. Kept us informed every step of the way for a quick worry-free closing. Definitely will use her again.

– Dathne Johnson

One Call That's All...

MICKI is awesome she will help you with all your real estate needs. One call that’s all. Thank you for everything Micki.

– Stacey Manson

The epitome of integrity and grace.

Micki is the epitome of integrity and grace. I love and appreciate her wisdom and willingness to share her words of knowledge with those that she encounters. I can always look to Micki to be uplifted and encouraged.

– Lease Youmans

Our Go-To Realtor, knowledgeable, professional & dependable.

We couldn’t have been any happier with Micki and her professionalism throughout our temporary relocation process to Metropolitan Atlanta during filming requirements. Almost immediately, Micki and her team provided us with leasing options based upon our family requirements. She thoroughly explained the leasing process, attended every showing with us, and provided us with enough information to ultimately make our decision to purchase another home within the area.

MICKI, thank you and your team for the amazing work!

– M/M Washington, Entertainment Industry

BECOME A MOMENTOUS INSIDER.

 

Pin It on Pinterest

Share This