In a recent article of "The Economist", Moody's Economy.com the Phenix City, AL - Columbus, GA area ranked 7th nationally in job growth out of 378 metropolitan areas. This is tremendous
news for the area and especially the homes for sale in the Phenix City, AL and Columbus, GA area. With other cities in the state and nation struggling in these tough economic time, this area is going from strength to strength.
There are several factors that contribute to the job growth. Some of the factors are the proximity to Kia Auto plant in LaGrange, GA, ATM manufacture NCR moving to the Columbus area and wholesale distributor Nash Finch move to the area just to name some of the new employers.
But the biggest boost to the area is the expansion of an existing employer - The United States Army. Army Installation Ft. Benning, GA which borders Phenix City and Columbus will experience an increase in Army and private contractor personal in the next year because of Department of Defense Base Realignment and Closure (BRAC). The Armored Division of the Army will be moving from Ft. Knox, KY to Ft. Benning, GA. The move is expected to be complete in the latter part of 2011.
For the counties that BRAC will affect, the numbers are staggering:
- 45,000 new residents
- 20,000 new students
- 17,000 new jobs
Of those 45,000 new residents, 20,000 are expected to live off the military base. This well be a great boost to the housing market in the area. Homes for sale in the Phenix City, AL and Columbus, GA area should decrease in days on the market. Businesses in the area will benefit from the increase in population and increase in jobs. This is a win-win situation that the area is thankful to have.