Why More People Are Choosing City Life Again

After years of suburban and rural migration during the pandemic, cities are making a strong comeback. According to the National Association of Realtors (NAR), the percentage of people moving to cities has risen to 16%. While that may not seem like a significant number, it represents the highest level in a decade—an exciting shift in the housing market (see graph below).

Supporting this trend, BrightMLS data reveals that 1 in 5 (20.6%) prospective buyers are now looking to live in the city.

So, what’s driving this renewed interest in urban living? Let’s explore the top three reasons why people are trading quiet suburbs for the dynamic energy of city life. You might even be inspired to sell your home with a big yard and embrace an urban lifestyle yourself.

1. The Energy of City Life Is Back

Cities have always been centers of culture, entertainment, and community, but the pandemic put much of that on hold. Now, cities are alive again with activity.

Imagine stepping out of your door to walk to a favorite café, exploring a new art exhibit, catching a live performance, or dining at a fantastic restaurant just minutes away. The convenience and excitement of city life are drawing people back in—offering an experience that’s hard to resist.

2. Living Closer to Work Has Its Perks

While remote work remains an option, many companies are implementing hybrid schedules or returning to in-office work. Living closer to the workplace reduces commute times and provides more opportunities for professional networking and career growth. For those in industries that thrive on in-person collaboration, being in the city is a major advantage.

3. Convenience Like No Other

One of the biggest draws of city living is accessibility. Public transportation, top-tier healthcare, shopping, and entertainment are all within easy reach. For many, this level of convenience simplifies daily life and enhances their overall lifestyle, making urban living a compelling choice.

How To Make the Move to the City

If you relocated to the suburbs during the pandemic but now find yourself longing for the vibrancy of city life, you might be wondering if moving back is financially feasible. The good news? Rising home values may provide the opportunity.

According to the Federal Housing Finance Agency (FHFA), home values have surged by 57.4% over the past five years. That means if you own a suburban home, you may be able to sell it at a significant profit and use that equity to transition into an urban home. While city living often means downsizing, the trade-off for an exciting and convenient lifestyle is well worth it.

For expert guidance on navigating the market and finding the right home in the city, working with a local real estate professional is key.

Bottom Line

The urban revival is happening. Whether it’s the cultural scene, proximity to work, or unparalleled convenience, more people are choosing to return to city life—and for good reason.

What excites you most about city living?

If you’re thinking about making a move, reach out to Mike Panza and the team at Panza Home Group for expert advice and assistance in finding your perfect urban home.