New Study: Gay Neighbors Raise Prices in Liberal Neighborhoods, Depress Prices in Conservative Ones

Gays and Real Estate ValuesWhen gay people move into a neighborhood, do property values go down?
Newly published research suggests the answer is yes — but only for neighborhoods with negative attitudes toward gay people.

A look at sociopolitical attitudes and home prices in a major Ohio city finds “an increase in the number of same-sex-couple households is associated with an increase in house prices in more liberal neighborhoods, and a decrease in house prices in more conservative neighborhoods.

“This suggests that gay and lesbian coupled households do experience prejudice in conservative neighborhoods,” economists David Christafore and Susane Leguizamon report in the Journal of Urban Economics.

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.

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