NAA Industry Insider: Real Estate Investors Get Hip to the Hipster Demographic

A new study from RealtyTrac finds that the "hipster" demographic is having a significant and mostly positive impact on local real estate markets. The firm ranks the top 83 zip codes for rental returns in what the company calls "hipster hot spots" -- i.e., housing markets where at least a fifth of the population is between the ages of 25 and 34. RealtyTrac's Daren Blomquist observes, "Thanks to an influx of trendy restaurants, bars, coffee shops, and other amenities, a neighborhood branded as hipster is likely to see property values and rental rates rise while vacancies and foreclosures decline.

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