This is a hot and accelerating trend. Many people moving back to these old-time towns want to escape the noise and congestion of large metropolitan areas that have also become too unaffordable to live in and have lost their cultural appeal. Moreover, with the millennial generation starting new families and young professionals looking for the feel of a big city outside of an actual big city, in this online world of telecommuting, there is a big move to high-end small towns.
