The places that hipsters tend to call home are among some of the hottest housing<\/a> markets in the country, according to a joint study by realtor<\/a>.com\u00ae and Yelp. Based on the\u00a0rankings, Columbus, Ohio, earned the No. 1 spot as the hottest hipster market.<\/p>\n Columbus (and more specifically its ZIP code 43202) ranked first\u00a0out of 50 cities for best markets for hipsters\u2014that is, those who embrace the indie culture and tend to embrace lifestyles of artisanal coffee and avocado toast, according to the study. Seattle (98122); San Diego (92104); Fort Wayne, Ind. (46802); and Rochester, N.Y. (14620), rounded out the top five.<\/p>\n \u201cAlthough their opinions about their music and fashion may be out of the norm, when it comes to real estate\u2014hipsters have a knack for getting it right,\u201d says Javier Vivas, director of economic research for realtor.com\u00ae. \u201cBased on our research, there\u2019s clear evidence that \u2018hipster\u2019 popularity\u2014in markets like Austin, Texas\u2014has led to mainstream interest and higher home prices over time. Whether it\u2019s 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.\u201d<\/p>\n The markets that landed on realtor.com\u00ae and Yelp\u2019s \u201cHottest Hipster Markets in America\u201d list all share strong market dynamics and healthy buyer demand, with homes selling in an average of 30 days. Also, each market boasts low or average unemployment rates from 2.7 percent to 4.6 percent (the national rate is 4.4 percent). These markets also tend to be sought after by millennials, ages 25 to 34. Millennials in the top 10 markets on the list comprised 22 percent of the populations, on average.<\/p>\n To compile the rankings, realtor.com\u00ae and Yelp culled their data to find the reviews in ZIP codes that most contained the word \u201chipster.\u201d Markets were then ranked based on a composite index made up of both Yelp\u2019s differential and realtor.com\u00ae\u2019s Market Hotness Index (based on realtor.com\u00ae page views and days on the market).<\/p>\n Source: realtor.com\u00ae<\/em><\/p>\n<\/div>\n<\/div>\n Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"![\"\"](\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_sept\/realtor.com%20hipster%20chart.png\")
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