Hundreds of suburbs nationwide were scored on the index, and we identified the highest scorer in each of the 50 largest U.S. But using this data, it is possible for young people looking to buy and find space for their expanding families to bid farewell to big city premiums without giving up the feel of a city in amenity-rich suburbs. This demand is also driving up prices and depleting inventory. “For city dwellers who don’t want to sacrifice great amenities like restaurants, art galleries and nightlife, but are dreaming of a little more space and a more affordable lifestyle, these suburbs offer a similar variety of great local businesses.” “At Yelp, we’re seeing consumer interest and requests for quotes for categories like movers, packing services and mortgage lenders increase in major metro areas, compared to the same time period last year,” said Yelp Trend Expert Tara Lewis. There very well may be a “Great Reshuffling” on the horizon. The opportunity to telework could also give almost 2 million current renters an opportunity to relocate and buy a home in a more affordable area. This desire to move is also reflected in a recent Zillow survey of people newly working from home because of the pandemic, with almost two-thirds of respondents saying they would consider moving if they had the flexibility to work from home occasionally. Zillow data shows extremely strong housing demand driven both by incredibly low mortgage interest rates and more millennials and Gen Zers reaching prime home buying age. Key metrics include housing affordability compared to the nearest big cities and to the country at large, housing availability, the mix and diversity of businesses - including restaurants, nightlife and the arts - and consumer reviews and check-ins. As a result, many buyers may seek places that balance the space and affordability of the suburbs, while still maintaining that big-city feel.Ī new “Cityness Index” created by Zillow and Yelp Inc. But even if there’s less of a need to live as close to urban job centers, traditional urban amenities - think restaurants, nightlife, museums and sports venues - remain a big draw and demand for city living remains high. Increased opportunities to work remotely are pushing more Americans to rethink how and where they want to live.
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