Millennials are a Growing Force in Columbus Economy

RealSupport — Mon, 19 Feb 2018 10:19:36 +0000

In prior blog posts, we’ve discussed the strength of the Central Ohio housing market, and the Columbus economy and population growth behind it. Now let’s talk about a key demographic that positions Columbus well for the future – our young adults.

Millennial residents account for about 15.6% of the Columbus population, according to 2016 estimates by the U.S. Census Bureau. Columbus has the 8^th-highest concentration of Millennial adults in the nation, surpassing larger cities like Los Angeles, Boston and Chicago. The median age of a Columbus resident is just 35.8 years, the youngest of any U.S. metropolitan statistical area.

The “secret sauce” to our Millennial population growth is our abundance of educational institutions. The Columbus region has nearly 60 colleges and universities, attended by over 136,000 students. We have one of the highest concentrations of college students in the U.S.!

After graduation, these students find good employment opportunities right here in Columbus – we are named among the best cities for college graduates. Millennials are also drawn by our thriving cultural, recreational and entertainment offerings. Numerous articles have citied Columbus’s appeal to Millennials, naming us the “Hottest Hipster Real Estate Market” and placing our communities among the “hot spots for Millennial home buyers.”

Our youthful, well-educated population is an advantage that helps attract major employers and investors to our area. In turn, our young adults have a variety of economic opportunities available after college, and the positive momentum feeds our economic and residential growth.

Our quality of life makes Columbus a great choice for home buyers of any generation! As your Exclusive Buyer’s Broker, we serve your best interests at all times! Unlike real estate agents and brokerages who represent sellers, as an Exclusive Buyer’s Broker, we only represent you, the buyer, getting you the best price and terms with no conflict of interest at all times.

Understanding this distinction could literally save you thousands of dollars not only on the purchase price and terms, but also on seller concessions and home inspection issues, whether you are a first-time homebuyer or an experienced homeowner!

Andrew Show
Broker, CEBA-M, CNE, CSP, PSA, e-PRO, CREM, ABRM, AHWD
Buyer’s Resource Realty Services, www.buyershome.com
Serving Metro Columbus, Ohio with Exclusive Buyer’s Agents
7100 North High Street, Suite 204, Worthington, Ohio 43085
614-888-4110 | 888-888-4110 Toll Free | 614-839-4110 Fax

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Millennials are a Growing Force in Columbus Economy