People may view Fort Lauderdale as a tourist-friendly coastal city, but the real estate experts at Zillow have found another characteristic worth noting: the Poinsettia Heights neighborhood is a Ã¢â‚¬Å“gayborhood,Ã¢â‚¬Â and itÃ¢â‚¬â„¢s good for real estate values.
ItÃ¢â‚¬â„¢s called the Gayborhood Phenomenon in the book Ã¢â‚¬Å“Zillow Talk: The New Rules of Real Estate.Ã¢â‚¬Â Zillow determined which neighborhoods have the highest percentages of gay-partner households from the U.S. Census BureauÃ¢â‚¬â„¢s American Community Survey.
Ã¢â‚¬Å“Over the past forty years, home prices in historically gay neighborhoods have steadily outperformed average prices for the metros in which theyÃ¢â‚¬â„¢re located,Ã¢â‚¬Â write Zillow CEO Spencer Rascoff and Chief Economist Stan Humphries.
In Poinsettia Heights, an estimated 28 percent of households are headed by same-sex partners. The region embraces these nontraditional families. For example, the city of Wilton Manors, which adjoins Fort Lauderdale, has a page on its official website devoted to gay life, and says the local elementary school is high in quality and includes the children of many LGBT families.
At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.