Friday, December 9, 2011

Columbia's New Wards

The Missourian has a great article here that explains the new demographics in the six wards of Columbia.  Some housing-related highlights in Columbia are:

  • The Third Ward has the highest percentage of vacant homes at 11.6%, most likely explained by unoccupied new construction homes.
  • The Sixth Ward has the 2nd lowest home ownership rate at just over 27%, due to the high student population with the new student housing apartment complexes.  It also has the highest number of homes owned without a mortgage--explained by longevity of residents staying in their home, and also possibly due to investor-owned properties that were purchased with cash and are now being rented to students.
  • The Fourth Ward has the highest homeownership rate and also has the oldest population--these two seem to correlate directly with each other. 

Some very interesting discoveries were made, I would highly recommend reading the article!

JK

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