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Majority of millennials have sights set on multifamily living, security still a priority: survey

The survey indicated that almost three-quarters of millennials in the U.S. have long-term plans to live in an apartment building, and that safety and security are top priorities.

However, only 26 per cent feel secure in their current dwellings, and less than 10 per cent have electronic door locks. Fifty-two per cent would prefer to access their home using tech-based entry methods including a smartphone, pin code, biometric solution, key fob or card credential.

“Property managers and developers can benefit from looking to new, innovative means of access control to keep pace with tech-savvy Millennials,” said Robert Gaulden, director of multifamily channel strategy at Allegion U.S. “The survey reinforces the value of mobile-enabled systems—not only do they bring building residents, service staff and guests convenient all-in-one mobile access control, but they can also simplify and streamline scheduling maintenance requests, managing packages, visitor management and more.”

Multifamily Matters—When looking at millennials’ current and future planned living accommodations, respondents indicated that multifamily living will be a mainstay. According to the survey, 72 per cent of millennials currently live in an apartment building, with 75 per cent saying they plan to stay in their current residence six months or longer.

Sense of Safety—The majority of millennials do not feel secure in their home nor have the technology installed that they need to feel safe, according to the survey. As many Americans respect stay-at-home orders and/or opt to shelter in place during these unprecedented times, 74 per cent of millennials don’t feel secure in their home, although only 9% have connected electronic door locks.

Delivery Dilemmas—The use of delivery services is significant amongst millennials, but those surveyed indicated they are not immune to package thieves, as 57 per cent of millennials currently use delivery services. 39 per cent have had packages stolen from their front door  in the past.

Seamless Security—The on-demand millennial generation values convenience and integrated solutions for home security. The survey finds that 52 per cent prefer to access their home using alternative entry methods (pin code, smartphone, biometric, key fob or card credential). The survey also found that 58 per cent of millennials are comfortable and have given out 1-2 keys or access codes to family or friends.