Many home buyers start their home search with a pretty good
idea of where they want to live but others may not. Others might be renters and
have just started the home buying process. Renters typically want to live near
where they work and access to their job is a priority. Or, buyers can be those
who are moving from one city to another and have no real idea of where the best
place to live will be. But there are resources that can help narrow down the
search process. Here are three primary neighborhood demographics you need to
Safety. You want
to live in a safe and secure neighborhood so the local crime rate will be in
your top three demographics to research. You can contact the local police
department about property crime in the neighborhood or visit any of the online
resources that tracks and logs reported crime by location. Simply enter an
address of a potential purchase and crime statistics will be reported.
Public Schools. A
priority for families or families to be is the quality of the public school
system. Getting your kids better prepared for post-high school life and getting
into college means providing a sound educational foundation. In addition to the
quality of classes and teaching, good public schools boost property values.
Data Dump. For
more demographic data you might ever want is stored at the United States Census
Bureau. The Census is taken every 10 years and reports on matters such as
median age of the people living in the neighborhood as well as age, race and
even population density. There are also interactive maps that break down
specific demographic data for the area.
There are other data bits that will be more important to one
person and less so to another. Perhaps the commute time to work is in the top
three or maybe the buyers are looking for a newer development instead of a
closer-in, established neighborhood. Others want to be near public
transportation or they want something near a shopping district. Yet whatever
the final list ends up being, safety, the public school system and data from
the U.S. Census Bureau will typically top anyone’s list.
For more information or questions about mortgage loans, please call (855) 757-8748.