In a Gallup survey conducted at the end of 2020, 48% of Americans said they would choose to live in a town (17%) or rural area (31%) rather than a city or suburb if able to live anywhere they wished. In 2018, 39% thought a town or rural area would be ideal.
People are also less interested in living in a suburb, with that percentage dropping down six percentage points to 25%.
If people really do want to leave cities and suburbs and they have a work situation that allows them to move, land prices could rise in exurbs and rural areas.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
