Zillow reports 9 percent of U.S. millennials are living alone – a figure that has been declining
By Kimberly Manning | inman
The number of millennials living alone has been declining since 2005, largely because of the rising cost of home prices and rent rates. According to a new report released by Zillow, about 9 percent of millennials are living with another individual.
The highest recorded percentage of millennials living alone is in Richmond, Virginia, where 15 percent of millennials have a place to themselves. Those millennials not living by themselves are likely to still be living at home or finding roommates to keep the rent affordable, Zillow reports. There is also a sector of the millennial population living with a signficant other or small family in a rental.
