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Millennial population boom in central Ohio

 
Millennial population boom in central Ohio
Posted July 7th, 2014 @ 5:05pm by WTVN Newsroom

COLUMBUS, Ohio (WTVN) -- Central Ohio has seen a sharp increase in the number of Millennials moving in. Real estate data service RealtyTrac says that since 2007, the Columbus has seen a 21.9 percent jump in the Millennial population.

"It really does stand out as an attractive market for Millennials for whatever reason," said RealtyTrac's Darren Blomquist.

Since Millennials, who were born between 1977 and 1992, tend to rent versus purchase a home, it's also made Columbus a hot market for rental property owners. 

Cleveland saw a 2.9 percent increase in Millennials and Cincinnati saw a 0.4 percent increase. All other major metro areas around the state have seen a decline in the Millenial population.

"Baby Boomers are moving out and probably moving to places like Florida, but the millennials are actually moving in which may seem like a little bit of a surprise in a market like Ohio," Blomquist said.

When you look at Baby Boomers, the Cincinnati area has seen the biggest decline. Hamilton County has lost 13.1 percent of its Baby Boomer population since 2007. In the meantime, Delaware County has grown its Baby Boomer population by 8 percent.

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