SEATTLE, May 23, 2019 /PRNewswire/ -- In most major
cities in the United States, homes
in gayborhoods are worth more than the typical home – in some cases
several times more.
To identify gayborhoods across the country ahead of Pride Month,
Zillow® analyzed data from the American Community Survey to find
which neighborhoods have the highest share of same-sex couple
households compared with others in the areai.
The neighborhood with the highest share is North Banker's Hill,
San Diego, where 10.1 percent of
households are same-sex couples. The North Banker's Hill housing
premium is about 25 percent – the typical North Banker's Hill home
is worth $792,400, compared with the
citywide median value of $632,600.
West Palm Springs in
California has the second-highest
share of same-sex couple households at 9.2 percent, but homes there
come with a much higher premium. Homes in West Palm Springs are worth more than three
times as much as the typical home in the broader Riverside metro.
In fact, there are 10 major cities where home values in the
gayborhood are more than double the community at large, including
Houston, Charlotte and Philadelphia. That's not to say home values
are necessarily higher simply because it's the gayborhood. Other
factors could be driving the premium; gayborhoods are often close
to amenities like bars, restaurants, and job centers.
There are a few places where gayborhoods buck this trend. In the
downtown area of San Jose, Calif.,
homes are worth 38.1 percent less than the typical San Jose home. The area also has the smallest
share of same-sex couples in the analysis at 1.1 percent.
Gayborhoods in San Antonio and
Kansas City have a similar
discount on housing.
"The narrative of gayborhoods as a signal for rapid home value
appreciation and gentrification has been around for decades, with
Greenwich Village and the
Castro long held up as examples,"
said Zillow Director of Economic Research Skylar Olsen. "Today, the story is a little
different. While these neighborhoods still foster a sense of
community and social acceptance, living within them often comes at
premium many may not be able to afford. This has a disproportionate
effect on intersectional LGBTQ people —not just gay, but a person
of color, transgender, a woman—those who are disadvantaged when it
comes to earning potential."
Housing Market
(by city unless
specified)
|
Gayborhood
|
Percent Same-
Sex Couples
|
Typical
Gayborhood
Home Value
|
Typical
Home
Value
|
Premium
|
New York
|
West
South-Central
Manhattan (Upper West
Side to West Village)
|
3.4%
|
$1,478,149
|
$681,600
|
116.9%
|
Los Angeles
County
|
West
Hollywood
|
4.8%
|
$822,200
|
$618,600
|
32.9%
|
Chicago
|
Edgewater to
Lakeview
|
3.7%
|
$299,506
|
$230,400
|
30.0%
|
Dallas
|
Oak Lawn
|
2.3%
|
$322,900
|
$217,000
|
48.8%
|
Philadelphia
|
Area surrounding
Lombard-South Station
|
3.5%
|
$550,048
|
$160,900
|
241.9%
|
Houston
|
Neartown -
Montrose
|
2.9%
|
$514,000
|
$187,800
|
173.7%
|
Washington,
DC
|
Logan Circle and
surrounding areas
|
4.0%
|
$697,200
|
$580,100
|
20.2%
|
Miami-Fort
Lauderdale Metro
|
Wilton
Manors
|
8.8%
|
$374,200
|
$284,900
|
31.3%
|
Atlanta
|
Midtown
|
3.0%
|
$305,700
|
$261,200
|
17.0%
|
Boston
|
Meeting House
Hill
(Dorchester)
|
7.9%
|
$640,600
|
$603,600
|
6.1%
|
San
Francisco
|
Castro
|
8.6%
|
$1,767,128
|
$1,353,500
|
30.6%
|
Detroit
Metro
|
Pleasant
Ridge
|
5.6%
|
$330,100
|
$162,200
|
103.5%
|
Riverside
Metro
|
West Palm
Springs
|
9.2%
|
$1,229,500
|
$369,200
|
233.0%
|
Phoenix
|
South Central
Encanto
|
6.4%
|
$442,400
|
$242,600
|
82.4%
|
Seattle
|
Central District
(Minor,
Madison Valley, Leschi)
|
3.0%
|
$729,911
|
$726,500
|
0.5%
|
Minneapolis
|
Bryn Mawr
|
7.6%
|
$406,000
|
$267,900
|
51.5%
|
San Diego
|
North Banker's
Hill
|
10.1%
|
$792,400
|
$632,600
|
25.3%
|
St. Louis
|
Shaw - South
Grand
|
3.8%
|
$238,126
|
$119,500
|
99.3%
|
Tampa-St.
Petersburg Metro
|
Southeast
Gulfport
|
7.6%
|
$236,700
|
$214,300
|
10.5%
|
Denver
|
Golden
Triangle
|
4.2%
|
$512,700
|
$394,735
|
29.9%
|
Portland
|
Northwest, West
of
23rd
|
6.3%
|
$850,100
|
$425,500
|
99.8%
|
Charlotte
|
Plaza
Midwood
|
4.7%
|
$470,800
|
$225,500
|
108.8%
|
Sacramento
|
Northern Land
Park
|
2.6%
|
$553,900
|
$327,200
|
69.3%
|
San
Antonio
|
South Arena
District/Southeast
Denver Heights
|
4.0%
|
$111,500
|
$176,800
|
-36.9%
|
Orlando
|
Audubon Park
&
Coytown
|
5.4%
|
$307,200
|
$241,800
|
27.0%
|
Cincinnati
|
Clifton
|
2.0%
|
$306,600
|
$146,400
|
109.4%
|
Cleveland
|
Riverside
|
3.1%
|
$221,000
|
$
56,100
|
293.9%
|
Kansas
City
|
Longfellow
|
5.7%
|
$251,300
|
$394,735
|
-36.3%
|
Las Vegas
|
East
Paradise
|
4.9%
|
$217,510
|
$276,500
|
-21.3%
|
Columbus
|
Victorian
Village
|
4.7%
|
$375,800
|
$156,200
|
140.6%
|
Indianapolis
|
Overlap of Broad
Ripple
and Meridian Kessler
|
5.8%
|
$334,600
|
$144,200
|
132.0%
|
San Jose
|
Downtown
|
1.1%
|
$553,900
|
$895,200
|
-38.1%
|
Austin
|
Galindo
|
3.4%
|
$463,800
|
$368,800
|
25.8%
|
Virginia Beach
Metro
|
Lafayette-Winona
(Norfolk, VA)
|
2.6%
|
$224,200
|
$230,200
|
-2.6%
|
Nashville
|
Lockeland
Springs
|
3.1%
|
$472,700
|
$266,000
|
77.7%
|
Zillow
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i The lack of ACS data on gender identity and sexual
orientation means that single LGBTQ people cannot be identified. As
a result, areas with high concentrations of LGBTQ singles are
absent in this analysis.
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SOURCE Zillow