Almost half of millennial homebuyers are flocking to the suburbs, seeking bigger and more affordable homes, and close proximity to urban amenities, according to Zillow.
Using data and analysis Money's 2018 report on the best cities to live in each state in the U.S., CNBC picked 20 suburbs that score well on affordability, education, safety, and convenience. Paradise Valley, Arizona, located near Phoenix and Scottsdale, had the highest median household income, $138,192, with 9.08 percent projected job growth.
"One big reason for the popularity of suburbs is cost," Zillow reports. "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."