The suburbs are a big draw for millennials, and a new ranking shows the best Texas suburb for millennials is in Dallas-Fort Worth.
Not only does CNBC list the Collin County suburb of Allen as the best Texas suburb for millennials, but it also singles out Allen as being among 20 of the most desirable U.S. suburbs for millennials.
Allen isn’t just a magnet for millennials. It’s also a magnet for anyone seeking a first-rate quality of life. In 2017, Money magazine named Allen the second best place to live in the U.S.
In the Money article, Dr. Chanda Reddy, a physician who lives and works in Allen, raves about the suburb’s increasingly diverse population.
“It’s become a lot more multicultural in the last 12 or 13 years,” Reddy tells the magazine. “I absolutely love Allen. A lot of the Dallas suburbs don’t have all the restaurants, shopping, and things to do right in town. Allen does.”
CNBC points out that millennials now represent the country’s largest segment of homebuyers in Allen and elsewhere, and almost half of them live in the ’burbs. The suburbs may lack the allure of big cities, but they do offer affordable housing, good schools, jobs, and proximity to urban amenities, CNBC notes.
In Allen, amenities include the Don Rodenbaugh Natatorium, a fully enclosed indoor water park; a wakeboarding park; an outdoor skate park; and the Courses at Watters Creek golf property, according to Money. The Allen Event Center draws big-name acts and activities, as well.
“One big reason for the popularity of suburbs is cost,” according to online real estate marketplace Zillow. “As urban cores have soared in popularity, so have the price tags on urban homes. To afford bigger homes, and to find the shared amenities they like such as community gyms and pools, many millennials are willing to live farther out.”