Will Exurbs and Suburbs Merge?
May 21, 2018
Home buyers looking to escape city living can find similar neighborhood attributes in the suburbs and exurbs. Homes in both areas tend to offer more square footage, less noise, less pollution, and more privacy. But there are a few distinct differences between the suburbs and exurbs as well.
The location is the key difference. Suburbs lie just outside of the city; exurbs are farther out and tend to be in more rural areas, according to realtor.com®. “Suburbs provide a functional lifestyle close to shopping, schools, and transportation,” says New York-based real estate broker John McSherry. “Exurbs provide a remote location free from noise and congestion.”
The suburban housing market has seen significant growth in recent years, according to research from the Urban Land Institute. The overflow of residents from the city to the suburbs continues to accelerate, and many suburbs are expanding outward.
As the growth in major metro areas extends, suburbs and exurbs will naturally be absorbed, becoming their own incorporated entity or merging with a nearby municipality, predicts Dave Hyman, a RE/MAX real estate pro in Encinitas, Calif. “Even as cities expand, new suburbs and exurbs, beyond the current ones, will naturally come into being,” he says.
Source: “Exurbs vs. Suburbs: Do You Know the Difference?” realtor.com® (May 18, 2018)
Updated: July 16, 2018