In the last three years, home prices in neighborhoods with high numbers of male same-sex couples have increased by an average of 23%, according to a new study by online real estate service Trulia; prices in lesbian neighborhoods rose by 18%.
‘Gay couples tend to have higher disposable incomes’, explained Ralph McLaughlin, working as a housing economist with Trulia, in an interview with Yahoo. ‘Now that the economy is recovering, couples with higher incomes may be looking to locate in these neighborhoods because they tend to have higher amenities and tend to be located in more expensive and faster growing metropolitan areas.’
The study shows lesbian neighborhoods to be appreciating faster, which McLaughlin says may have three reasons.
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.
If you have a gay real estate story that you’d like to share with us, contact us at firstname.lastname@example.org