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 â€œgayborhood,â€ and itâ€™s good for real estate values.
Itâ€™s called the Gayborhood Phenomenon in the book â€œZillow Talk: The New Rules of Real Estate.â€ Zillow determined which neighborhoods have the highest percentages of gay-partner households from the U.S. Census Bureauâ€™s American Community Survey.
â€œOver the past forty years, home prices in historically gay neighborhoods have steadily outperformed average prices for the metros in which theyâ€™re located,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.
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