Zillow: millennial renters are choosing roommates

Zillow reports 9 percent of US millennials are living alone – a figure that has been declining
  • Richmond had the highest percentage of millennials living alone, at 15 percent.
  • Cities with the highest shares of millennial renters on their own were small- to mid-sized cities.
  • Chicago, Houston, New York City and Washington D.C. had a higher independent millennial renter population than the national average.

Millennial renters are just fine with sharing a home, according to Zillow.

The number of millennials living alone has been declining since 2005, largely because of the rising cost of home prices and rent rates. According to a new report released by Zillow, about 9 percent of millennials are living with another individual.