A Core-Based Statistical Area (CBSA) is a geographical region defined by the Office of Management and Budget (OMB) that centers around an urban area with a population of at least 10,000, encompassing the urban core and its adjacent territories with strong socio-economic ties.
The study of the characteristics of people residing in an area, including age, sex, income, educational levels, and more. Understanding demographics is crucial for real estate market analysis and strategic planning for developments.
