Tuesday, March 23, 2010

Logan Ranks 7th Nationally for Population Growth

    • Provo-Orem and Logan were two of the nation's fastest-growing metro areas last year, according to Census Bureau estimates released Tuesday.

      Provo-Orem ranked No. 6 and Logan was No. 7 among the nation's 366 metro areas in percentage change of growth between 2008 and 2009

    • The high ranks came even though population growth in Utah last year slowed to a comparative crawl, at least by local standards. The actual population increase in Utah dropped in half over the past two years. But growth was still robust compared with the rest of the nation.

      "While in-migration slowed down in Utah like most states in the nation during the recession, we continue to have the highest fertility rate in the nation," said state demographer Juliette Tennert. "So even in a time of economic downturn, we are usually a leader in the nation for growth."

    • Logan is also home to Utah State University, Tennert noted that "Logan was an area not quite as impacted by the recession as other places in Utah. Everywhere felt some impact, but Logan was doing a little better than most," so it also may have attracted more immigration than other places by drawing people to jobs there.
    • The Logan metro area had an increase of 3,583 residents for a total population of 127,945. Logan ranked No. 296 in population among metro areas, up from No. 299.
This is good news for the Logan real estate market. A growing population will always help maintain real estate values.

1 comment:

Logan Real Estate said...

Logan Real Estate is on fire. Buy now before the rates get too high and the tax credit is gone for good. Nice post Alan, and thanks for the update.