Millennials Are Flocking To These NYC NeighborhoodsMillennials Are Flocking To These NYC Neighborhoods https://www.alexander-anderson.com/wp-content/uploads/2018/09/NY.jpg 800 600 Alexander Anderson Real Estate Group Alexander Anderson Real Estate Group https://www.alexander-anderson.com/wp-content/uploads/2018/09/NY.jpg
By Noah Manskar | Patch
NEW YORK — Brooklyn isn’t the only hip part of New York City anymore. Millennials are flocking to some some Manhattan neighborhoods, although parts of Kings County remain strongholds for young adults, according to a new RentCafe report.
The real estate website examined U.S. Census data to determine which ZIP codes in the 30 largest U.S. cities have seen the biggest influx of millennials from 2011 to 2016. The report defines millennials as people born between 1977 and 1996.
The millennial population spiked 54.5 percent in Lower Manhattan’s Battery Park City, the third-largest increase in the nation, RentCafe found. Lincoln Square wasn’t far behind at No. 5, with a 47.7 percent increase.
But the five boroughs’ West Coast rival is home to the trendiest millennial neighborhood. Two Downtown Los Angeles ZIP codes took the top spots on RentCafe’s list, with one recording a staggering 91.4 percent increase in the millennial population.
RentCafe also ranked the nation’s top 20 neighborhoods in terms of total millennial population and the age group’s share of the population.
Williamsburg, Brooklyn’s 11211 ZIP code unsurprisingly has more millennials than any other with a population of 43,700 in 2016, while Corona, Queens ranked third with 40,700.
Brooklyn and Queens had nine ZIP codes in the top 20, with Sunset Park, Flatbush, Bushwick, Elmhurst and Woodside also making the list.
But millennials are most dominant in Manhattan’s Financial District. They make up 71 percent of the population in the neighborhood’s 10005 ZIP code and 66 percent in the 10006 ZIP code, RentCafe found.
The Garment District is also teeming with millennials — they account for 64 percent of the population in the 10018 ZIP code, according to RentCafe.
Source: NYC Patch
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