Costa Rica Demographics Analytics

Population trends and statistics

Population

Total population

Home Ownership

No data

Percentage of population that owns their home

Household Debt

No data

Household debt as percentage of GDP

Population

Total population

Additional Insights

Expert analysis of Costa Rica Demographics trends and investment implications

Market Overview

Costa Rica's demographic trends reveal a moderate population growth with increasing urbanization, creating robust rental demand in city centers. The aging population suggests a need for diverse housing options, while migration patterns indicate a potential decline in rural property value. Investors should focus on urban areas with flexible property types to cater to varied demographic needs.

Key Findings

Data-driven insights

•Costa Rica's population grew from 1.33 million in 1960 to an estimated 5.14 million in 2024, with an annual growth rate of approximately 1.2%.
•The age group 25-34, ideal for rental demand, represents about 15% of the population, suggesting a strong market for small apartments and studios.
•Urbanization has increased from 35% in 1960 to over 80% in 2024, driving higher demand for urban housing.
•Home ownership rates have stabilized around 70%, indicating a balanced market with both purchase and rental opportunities.

Market Trends

Historical patterns

•Consistent population growth with a slowing pace in recent years.
•Increasing urbanization with a decline in rural population.
•An aging population trend, with the 65+ age group expected to double by 2040.

For Investors

Actionable takeaways

•Focus on small to mid-sized apartments in urban centers like San José to capture the young professional and expat rental market.
•Consider investing in mixed-use or adaptable properties to accommodate diverse age demographics.
•Evaluate opportunities in secondary cities experiencing spillover growth from major urban centers.
•Be cautious of rural investments due to declining population and potential devaluation.

Market Context

Costa Rica's demographic landscape is characterized by a moderate but steady population growth, increasing urbanization, and a stable home ownership rate. These factors create a dynamic real estate market with opportunities primarily in urban rental properties and adaptable housing solutions.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.