Along with the political implications of the 2010 US Census, recent census numbers will have a significant impact on Northwest Washington’s home values. With a 14.1% increase in population, according to the US Census Bureau, our area is witnessing an urban expansion that will affect new construction, residential resales and rentals alike.
Currently, the American Community Survey says that 43% of our community members live alone.
However, as more out-of-towners become locals, we may experience a shift in this trend, with the 43% of our households that are comprised of families moving closer to the
national average of 67%.
The combination of a growing population and shifting demographics will likely mean more home sales overall – and, who knows, perhaps even more children roaming our streets!
