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Boston ranks in top 20 ZIP codes with largest share of millennials

by Mike Muhney

millennials-mortgage-market-2015

As millennials are expected to become the largest generation in history, it is no surprise the population’s location dynamic has been shifting. With millennials making up most of the labor force, millennials are following jobs that are relocating to primarily urban locations.

Boston is no exception to that as the city is one of the top trending urban areas. One Boston ZIP code (02113) made RentCafé’s list of top 20 ZIP codes with the largest share of millennials, ranking at No. 4. The researchers classified the neighborhood, North End, as a downtown location and found that it had a share of 70 percent, approximately 5,200 millennial residents.   

In terms of which cities across the country are trending with millennials right now, Los Angeles and Manhattan are still top spots for the age group. Denver is also a hot spot with four areas making the top 20 ZIP codes with the highest increase over the five-year period. 

RentCafé classified millennials as the population born between the years of 1977 to 1996. It used the U.S. Census population estimates to calculate the ZIP codes with the highest increases in millennial population by the highest number of total millennial residents and by the largest share of millennials within a five-year time period.  

 

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