Demographics are the data that describes the composition of a population, such as age, race, gender, income, migration patterns and population growth. These statistics are an often overlooked but significant factor that affects how real estate is priced and what types of properties are in demand.
Family demography is the study of the composition of families and of the transitions individuals make into and out of various types of families. Family composition includes factors such as the number of family members, their ages, marital and cohabitation status, and relationship to other family members.