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Forecast for Riverview, FL- Tampa
Bay Homes and Riverview Real Estate
1.
Up and Coming Families
Up and Coming Families represent the second highest growth
market-and the youngest of the affluent family markets.
These days, residents are more Gen X than Baby Boom. Despite
the cohort turnover, the profile remains young affluent
families with young children. Homes are new, with a median
value of $169,000.
2. Midland Crowd
The largest Community market, Midland Crowd represents 11
million people, almost 4 percent of the U.S. population,
in one market. As expected, the largest market reflects
some characteristics of the U.S. population, median age
(36 years) and average family size, 3.1. Median household
income, $47,000, is just under the U.S. median, $48,100.
The differences distinguish the Midland Crowd. These neighborhoods
are located in mainly rural areas, growing rural areas at
a rate of over 2.5 percent annually since 2000. Almost 40
percent of the homes were built after 1990. Over 95 percent
are single family, or mobile homes.
3. Aspiring Young Families
Aspiring Young Families are attracted to the large, growing
metropolitan areas in the South and West, with the highest
shares in California, Florida and Texas. These are mainly
young, start-up families, married couples or single parents,
with children. Although young, with a median age of 30 years,
almost half have already purchased start-up homes, with
a high percent of townhouses. Half are renters, living in
newer multi-unit buildings.
Source: ESRI Business Information Solutions
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