SEATTLE, Nov. 15, 2016 /PRNewswire/ -- Cities with
some of the largest carbon footprints are also hot spots for
energy-efficient home technology, according to a new Zillow®
analysis[i].
California cities top the list
for energy-efficient homes -- but not for low carbon footprints. Of
the 100 largest cities in the country, San Jose has the greatest percentage of home
listing descriptions featuring energy-efficient terms -- such as
"solar panel" and "wind power"[ii] -- but the fifth largest carbon
footprint[iii]. Buffalo, N.Y. has
the smallest carbon footprint but only 3 percent of home listings
feature energy-efficient terms.
The analysis highlights how energy-efficient home technology --
popular with millennials and West Coast homeowners -- is catching
on as a trend in some of the places that need it most.
"Climate change is top-of-mind in California, and whether homeowners are
reacting to environmental ethics or high energy costs, they are
most likely to market energy-efficient technology when selling
their homes," said Zillow Chief Economist Dr. Svenja Gudell. "Between density and drought,
Californians have a lot of reasons to find ways to make their homes
more efficient – for the sake of the environment and their
pocketbooks, too."
In San Jose, Calif., 24 percent
of listings feature energy-efficient terms and 14 percent in
Sacramento, Calif. East Coast
cities have the smallest carbon footprints, with Buffalo, New York City and Miami at the bottom of the list.
Cities with
Greatest Percentage of Home Listings with Energy-Efficient
Terms
|
City
|
Percent of
Listings
with Energy-Efficient
Term
|
Average Carbon
Footprint[iv]
|
Median List Price
of
Homes with Energy-
Efficient Terms
|
Median List Price
of
Homes without
Energy-Efficient
Terms
|
San Jose,
Calif.
|
24.1%
|
53.4
|
$
848,500
|
$
750,000
|
Sacramento,
Calif.
|
14.2%
|
39.6
|
$
289,900
|
$
279,900
|
Fresno,
Calif.
|
14.2%
|
40.9
|
$
250,000
|
$
225,000
|
Chula Vista,
Calif.
|
12.6%
|
43.2
|
$
539,900
|
$
489,900
|
Riverside,
Calif.
|
12.3%
|
45.6
|
$
429,800
|
$
401,213
|
Cities with the
Smallest Carbon Footprint
|
City
|
Percent of
Listings
with Energy-Efficient
Term
|
Average Carbon
Footprint
|
Median List Price
of
Homes with Energy-
Efficient Terms
|
Median List Price
of
Homes without
Energy-Efficient
Terms
|
Buffalo,
N.Y.
|
2.5%
|
33.5
|
$
164,000
|
$
64,900
|
New York,
N.Y.
|
2.7%
|
35.7
|
$
1,380,000
|
$
750,000
|
Miami,
Flor.
|
0.8%
|
35.9
|
$
644,000
|
$
459,000
|
Newark,
N.J.
|
0.6%
|
36.7
|
$
274,500
|
$
190,000
|
Washington,
DC
|
3.1%
|
37.4
|
$
745,000
|
$
549,900
|
Energy-efficient homes are sought after by homebuyers and are
usually priced at a premium. The median list price of homes with
energy-efficient technology is 62 percent higher than homes
without, and according to the Zillow Group Report on Consumer
Housing Trends, the energy-efficiency of newly built homes is the
main driver in attracting buyers to new construction. The same
survey found that millennials are more interested than other
generations in making upgrades to enhance their home's
energy-efficiency.
Homeowners and buyers interested in learning about a home's
solar energy potential can find its Sun Number rating on Zillow.
Sun Number scores are available on
over 40 million homes on Zillow and give an instant rating of how
solar-friendly a home is based on factors such as climate, sun
exposure and foliage coverage from nearby trees.
35 Largest
U.S.
Cities
|
Percent of
Listings with
Energy Efficient
Terms
|
Average
Carbon
Footprint
|
Median List Price
of
Homes with Energy
Efficient Terms
|
Median List Price
of Homes
without Energy Efficient
Terms
|
United
States
|
3.8%
|
48.1
|
$
299,900
|
$
185,000
|
New York
|
3.0%
|
35.7
|
$
1,380,000
|
$
750,000
|
Los
Angeles
|
8.0%
|
38.4
|
$
749,900
|
$
775,000
|
Chicago
|
1.7%
|
44.1
|
$
445,000
|
$
247,250
|
Houston
|
4.8%
|
45.4
|
$
389,900
|
$
329,000
|
Philadelphia
|
2.4%
|
38.2
|
$
330,000
|
$
150,000
|
Phoenix
|
7.6%
|
46.5
|
$
299,900
|
$
274,900
|
Las Vegas
|
0.9%
|
43.8
|
$
320,370
|
$
248,000
|
San
Antonio
|
6.8%
|
46.5
|
$
262,990
|
$
239,900
|
San Diego
|
11.3%
|
41.8
|
$
675,000
|
$
678,000
|
Dallas
|
4.5%
|
43.6
|
$
439,000
|
$
429,000
|
San Jose,
Calif.
|
24.0%
|
53.4
|
$
848,500
|
$
750,000
|
Jacksonville,
Miss.
|
3.2%
|
42.9
|
$
286,250
|
$
172,000
|
San
Francisco
|
7.0%
|
37.4
|
$
1,399,000
|
$
1,363,474
|
Indianapolis
|
2.5%
|
47.6
|
$
131,450
|
$
125,000
|
Austin,
Texas
|
8.3%
|
47.6
|
$
432,250
|
$
419,900
|
Fort Worth,
Texas
|
4.0%
|
45.9
|
$
269,248
|
$
259,900
|
Detroit
|
1.4%
|
46.3
|
$
99,900
|
$
28,500
|
Columbus,
Ohio
|
2.4%
|
44.7
|
$
164,900
|
$
139,900
|
Memphis,
Tenn.
|
1.2%
|
46.6
|
$
169,900
|
$
78,477
|
Charlotte,
N.C.
|
2.8%
|
47.1
|
$
345,000
|
$
289,999
|
El Paso,
Texas
|
5.1%
|
47.6
|
$
191,950
|
$
159,000
|
Boston
|
4.3%
|
37.5
|
$
579,000
|
$
719,000
|
Seattle
|
7.5%
|
39.5
|
$
749,000
|
$
649,950
|
Baltimore
|
1.7%
|
39.6
|
$
220,000
|
$
129,000
|
Denver
|
6.6%
|
44.1
|
$
503,999
|
$
492,250
|
Washington,
D.C.
|
4.3%
|
37.4
|
$
745,000
|
$
549,900
|
Nashville,
Tenn.
|
2.0%
|
45.7
|
$
355,000
|
$
339,000
|
Milwaukee
|
2.3%
|
43.2
|
$
143,450
|
$
115,000
|
Tucson,
Ariz.
|
9.2%
|
42.8
|
$
204,990
|
$
175,000
|
Portland,
Ore.
|
4.5%
|
41.7
|
$
545,950
|
$
439,900
|
Oklahoma
City
|
6.1%
|
48.1
|
$
233,000
|
$
183,975
|
Omaha,
Neb.
|
1.5%
|
53.7
|
$
348,225
|
$
170,000
|
Albuquerque,
N.M.
|
7.7%
|
45.5
|
$
246,900
|
$
207,000
|
Fresno,
Calif.
|
14.3%
|
40.9
|
$
250,000
|
$
225,000
|
Sacramento,
Calif.
|
13.6%
|
39.6
|
$
289,900
|
$
279,900
|
Zillow
Zillow® is the leading real estate and rental marketplace
dedicated to empowering consumers with data, inspiration and
knowledge around the place they call home, and connecting them with
the best local professionals who can help. In addition, Zillow
operates an industry-leading economics and analytics bureau led by
Zillow's Chief Economist Dr. Svenja
Gudell. Dr. Gudell and her team of economists and data
analysts produce extensive housing data and research covering more
than 450 markets at Zillow Real Estate Research. Zillow also
sponsors the quarterly Zillow Home Price Expectations Survey, which
asks more than 100 leading economists, real estate experts and
investment and market strategists to predict the path of the Zillow
Home Value Index over the next five years. Zillow also sponsors the
bi-annual Zillow Housing Confidence Index (ZHCI) which measures
consumer confidence in local housing markets, both currently and
over time. Launched in 2006, Zillow is owned and operated by Zillow
Group (NASDAQ:Z and ZG), and headquartered in Seattle.
Zillow and Zestimate are a registered trademark of Zillow,
Inc.
[i] Zillow analyzed listing descriptions among homes on the
market in the 100 largest U.S. cities looking for energy-efficient
terms such as "solar panel" and "wind power".
[ii] Zillow analyzed 79 energy-efficient terms. For the full list
of terms, email press@zillow.com.
[iii] Carbon footprint data provided by CoolClimate Network, based
at the University of California,
Berkeley.
[iv] Carbon footprint numbers are the average footprint per
household and is measured in metric tons of CO2 equivalent, which
is how much carbon dioxide a typical household is responsible for
releasing each year.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/cities-with-large-carbon-footprints-are-hot-spots-for-energy-saving-home-tech-300362683.html
SOURCE Zillow