Demographics relate to the characteristics of a population such as race, sex, age, household size, growth, and density, which influence market trends and demand in real estate. Understanding demographics is essential for developers to make informed decisions about new projects and strategic marketing.
A demographic and geographic area characterized by higher population density and vast human features in comparison to the areas surrounding it, typically defined by the U.S. Bureau of the Census as a community with a population of 2,500 or more.
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