Mother’s Day is better known as “Landlord’s Day” for many millennials

The number of people ages 23 to 37 that live with their mom has increased almost 10 percent since 2005

National /
May.May 12, 2019 09:00 AM

(Credit: Getty, iStock)

This Mother’s Day could conceivably double as “Landlord Appreciation Day” for many millennials who still live at home.

To celebrate the holiday, Zillow studied where millennials — defined as people aged 23 to 37 — live with their mothers across 50 major U.S. regions, the Daily Breeze reported. Across the nation, 22 percent of millennials were found to be living with mom in 2017, a 9 percent jump since 2005.

According to the study, Riverside and San Bernardino counties topped the rankings with 35.4 percent living at home. Miami-Fort Lauderdale was a close second with 34.8 percent.

L.A. and Orange counties together ranked third-highest with 32 percent of the region’s millennials living with mom. In 2005, it was just 18.6 percent and L.A.-O.C. rent was 45.7 percent of income, the costliest metro area in the nation. In December, Zumper reported that 12 percent of renters in L.A. get help from parents to pay rent.

In New York City, 31 percent of millennials are living at home, while Chicago saw 25.3 percent of its millennials living with mom.

The so-called stalled generation is famously wrestling with student debts and expensive housing markets, as well as helping parents “age in place.” [Daily Breeze] — Gregory Cornfield


Related Articles

arrow_forward_ios
(Illustration by Alexis Manrodt for The Real Deal)
The Real Deal’s Prodigy exposé wins NY Press Club Award
The Real Deal’s Prodigy exposé wins NY Press Club Award
The penthouse in Lightstone's 40 East End was the most expensive contract, with developer David Edelstein of TriStar Capital selling the second priciest (Lightstone, Getty)
After early-July lull, Manhattan luxury deals are on the upswing again
After early-July lull, Manhattan luxury deals are on the upswing again
Brad Inman and Beringer Capital's Perry Miele (Inman, Beringer)
Inman acquired by private equity firm Beringer Capital
Inman acquired by private equity firm Beringer Capital
Gov. Andrew Cuomo (Getty, iStock)
NY rent relief rollout slowly inches forward as evictions loom
NY rent relief rollout slowly inches forward as evictions loom
Eric Adams (Getty, iStock)
City program could supplement state rent relief — if next mayor signs off
City program could supplement state rent relief — if next mayor signs off
John Catsimatidis and 670 Pacific Street (Getty, StreetEasy)
Catsimatidis notches win for landlords in 421a suit; tenants vow to appeal
Catsimatidis notches win for landlords in 421a suit; tenants vow to appeal
(iStock)
Overbooked Hamptons hotels spark bidding wars
Overbooked Hamptons hotels spark bidding wars
Photo illustration of Nest Seekers' Dylan Eckardt and the Amagansett property (iStock, Nest Seekers)
Tall tale: Nest Seekers’ “$50M” Amagansett sale was actually $16.5M
Tall tale: Nest Seekers’ “$50M” Amagansett sale was actually $16.5M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...