How does Median Age matter when picking a location?

2 Replies

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?  

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