Yes, Your Neighbor’s Age Could Affect Your Home’s Value

Wait, what?!

USA, California, San Francisco, Cable Car
Getty ImagesRICOWde

If you fall between the ages of 20 to 64, chances are you live in an area surrounded by people within that same age group. This, believe it or not, is by no coincidence—even if it's not for the reason you might expect.

According to , people who fall within that working-age group tend to live in cities and towns where the population is growing and industries are booming, because...well, jobs. SURPRISE!

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One obvious example of this, the home and neighborhood , is San Francisco, California, where more and more working-age Americans are moving for career opportunities, causing the median home value to increase over time to a whopping $1,359,000. AKA more than six times the national median of $217,300.

Not so coincidentally, the study shows that San Francisco County is also the one with the lowest percentage of kids in the United States, with just (national average is 25.2 percent).

"Wherever young, working-age people are moving, housing is, or will be, in higher demand and therefore less affordable," . It's one of the many reasons places like Marne, Iowa and Baltimore, Maryland will actually pay you to move there because of the rapid outmigration from these areas.

More so than your neighbors' age, what's interesting to consider is how the growth of and demand for jobs in an area can impact the value of your home. If you're looking to sell, learning that a major company is planning on building an outpost nearby, could help boost your asking price.

In case you're curious to see how your hometown compares to the rest of the country, Trulia created an to show how the average ages vary nationwide.

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