After several years of surging urban growth, Apex [North Carolina] and suburbs like it now account for 14 of the 15 fastest-growing U.S. cities with populations over 50,000, according to the census.
Millennials priced out of popular big cities are flocking to Frisco, Texas, Nolensville, Tenn., Lakewood Ranch, Fla., and Scottdale, Ga. — not exactly household names but among the fastest-growing destinations in the U.S.
“The back-to-the-city trend has reversed,” said William Frey, a demographer at the Brookings Institution, citing last year’s census data.
Millennials, the generation now ages 23 to 38, are no longer as rooted as they were after the economic downturn. Many are belatedly getting married and heading to the suburbs, just as their parents and grandparents did.