How does Median Age matter when picking a location?
I'm a novice investor who is researching areas in Pennsylvania to invest. My basic requirements to look for are:
- Population Growth
- Solid industries in place and economic growth
- Median housing prices are more than what a renter could typically afford
- Decent schools (Class B)
- Not a war zone (Class B)
Obviously, I'm looking for the golden nugget... and wherever I find it, do you heavily consider Median Age of the population? Are there any red flags if the population is either very young or very old?