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Lake Havasu Community, Festivals, Celebrations and Economic Value.
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GROWTH HAS COME TO LAKE HAVASU IN A BIG WAY
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Lake Havasu Community, Festivals, Celebrations and Economic Value.
Lake Havasu is perfect for real estate investors eyeing a lucrative investment opportunity and a lifestyle choice. Discover the array of events and attractions that not only enrich the community but also enhance property value, making Lake Havasu a prime destination for both enjoyment and investment.
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GROWTH HAS COME TO LAKE HAVASU IN A BIG WAY
Key statistics highlight Lake Havasu’s economic growth and demographics, emphasizing tourism’s pivotal role in the city’s development:
Population growth of 1.89% (2020-2021) indicates a steady increase in residents, suggesting an attractive and desirable living environment.
Increasing Household Income
(7.03% increase 2020-2021):
The rise in median household income shows economic vitality, suggesting more disposable income for local businesses, real estate, and tourism.
While predominantly White, the city’s Hispanic and other ethnic groups add cultural diversity, enriching community life with varied events.
Property Value and Homeownership (Median value at $297,200; Homeownership rate at 73.9%): These statistics indicate a stable real estate market and a high rate of property ownership, suggesting that Lake Havasu City is a desirable place to live. This stability is attractive to potential new residents and investors.
Diverse Employment and Industry: The prominence of Retail Trade, Health Care & Social Assistance, and Accommodation & Food Services as leading employment sectors highlights the city’s role as a service-oriented community with a significant focus on healthcare, tourism, and commercial retail.
Incredible Outbound Trade: Arizona’s focus on Electronics, Pharmaceuticals, and Mixed Freight, with significant growth projected by 2050, suggests opportunities for Lake Havasu City businesses in these sectors. It underscores the importance of the city’s economic integration with the broader state economy.”…just ask, I’ll tell you everything and anything you want to know about the area.” – R. Shuffler
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