The growing interest in hipster culture has seen an uptick in artisan coffee houses and indie record stores and some markets have embraced the artisan movement more than others
The growing interest in hipster culture has seen an uptick in artisan coffee houses and indie record stores and some markets have embraced the artisan movement more than others.
Columbus (43202) has the zip code with the highest concentration of hipster businesses, followed by Seattle (98122), San Diego (92104), Fort Wayne, Ind. (46802), Rochester, N.Y. (14620), San Francisco (94117), Long Beach, Calif. (90814), Louisville, Ky. (40217), Grand Rapids, Mich. (49506) and Colorado Springs, Colo. (17820).
The rankings have been revealed in an analysis by realtor.com and Yelp, and shows that those markets that are a hipster’s paradise have strong housing market dynamics with homes selling in an average of 30 days.
"Based on our research, there's clear evidence that "hipster" popularity – in markets like Austin, Texas – has led to mainstream interest and higher home prices over time. Whether it's the farm-to-table restaurants or urban renewal projects that were already underway, a concentration of hipsters seems to be an indicator of a hot housing market," said Javier Vivas, director of economic research for realtor.com.
Millennials tend to make up higher proportions of America’s ‘hipster cities’ – 22% of their populations compared to the national average of 13%. The data shows that millennials are also driving viewings of online listings in these cities, suggesting that their share of the millennial homebuyers’ market could increase.
Columbus (43202) has the zip code with the highest concentration of hipster businesses, followed by Seattle (98122), San Diego (92104), Fort Wayne, Ind. (46802), Rochester, N.Y. (14620), San Francisco (94117), Long Beach, Calif. (90814), Louisville, Ky. (40217), Grand Rapids, Mich. (49506) and Colorado Springs, Colo. (17820).
The rankings have been revealed in an analysis by realtor.com and Yelp, and shows that those markets that are a hipster’s paradise have strong housing market dynamics with homes selling in an average of 30 days.
"Based on our research, there's clear evidence that "hipster" popularity – in markets like Austin, Texas – has led to mainstream interest and higher home prices over time. Whether it's the farm-to-table restaurants or urban renewal projects that were already underway, a concentration of hipsters seems to be an indicator of a hot housing market," said Javier Vivas, director of economic research for realtor.com.
Millennials tend to make up higher proportions of America’s ‘hipster cities’ – 22% of their populations compared to the national average of 13%. The data shows that millennials are also driving viewings of online listings in these cities, suggesting that their share of the millennial homebuyers’ market could increase.
