Monthly Archives: February 2017

Do LGBT Homeowners Really Raise Property Values?

One stereotype that has gained popularity over the years is that LGBT homeowners, especially gay men, have picture-perfect homes. This is supported by the fact that many LGBT neighborhoods have become very nice. The process of gentrification that occurs in these areas drives up home values, making the houses there worth much more than they once were. The question, though, is whether or not this stereotype is actually true. Does having LGBT neighbors mean you can expect your property value to increase?

Yes, in Some Areas

Do LGBT Homeowners Really Raise Property ValuesAccording to a report summarized in the Harvard Business Review, gay couples do actually improve home values. The study was conducted by Susane Leguizamon from Tulane University and by David Cirstafore of Konkuk University, which is located in South Korea. The two looked at over 20,000 purchases and sales of neighborhoods in Ohio. The conclusion was that in areas that are socially liberal, adding one same-sex household for every 1,000 did lead to a one percent increase in the value of the homes in that neighborhood. In areas that are predominately LGBT, that can quickly lead to a fairly high increase in property values.

This can often be seen in modern gay neighborhoods that didn’t exist 20 years ago. When these areas became predominately filled with same-sex couples, they tend to increase in value. That’s because these couples often do not have children, which provides them with additional income. Until recently, many were also not married, which allowed them to claim some additional deductions on their income tax by filing separately. The end result was individuals with more disposable income, allowing them to put more work into their homes.

On the Other Hand, it’s Not Always the Case

However, Cristafore and Leguizamon discovered something else in their study. In areas that are more socially conservative, housing prices could actually drop when same-sex neighbors moved in. This is because those who don’t necessarily support LGBT rights may actually sell their homes and move away from their gay neighbors. Others may go so far as to vandalize homes owned by same-sex couples. The end result is that housing prices tend to actually decrease.

In the end, gentrification does have a correlation to LGBT homeowners, but same-sex couples moving into a neighborhood are not the only reason property values may increase. There are a number of other factors that can play just as important a part. Also, not all same-sex couples do as much upgrading to maintenance to their homes.

Should You Consider Moving to New Jersey?

If you’re considering a move to New Jersey, you may start looking for great cities that are also known for being LGBT-friendly. While the state is often overshadowed by nearby neighbors such as New York and Massachusetts, New Jersey does have a number of great places for LGBT people to live. In fact, the state has a growing LGBT community because it’s much cheaper to live in New Jersey and commute to Manhattan and other more expensive neighborhoods to work. Here are some of the top New Jersey areas to live for those in the LGBT community.

Maplewood

Should You Consider Moving to New JerseyMaplewood is a small town located in the northern part of New Jersey. As such, it’s perfect for commuters who are looking for that small-town feel, but still want access to everything a large city has to offer. The town’s downtown area is home to several locally run restaurants and other businesses that are always welcoming no matter who you are. Many people in the city work in the theater industry and operate a local theater company.

Jersey City

Jersey City is perhaps the top LGBT city in New Jersey. In 2016, it was awarded a perfect score from the Human Rights Campaign for its dedication to LGBT rights. The city has a number of LGBT households and hosts its own pride festival every year. It’s also home to an LGBT community center and even has LGBT community liaisons in both the mayor’s office and the police station. Recent city ordinances have extended medical coverage for city employees to cover transgender medical needs and gender reassignment surgery.

Jersey City is larger than Maplewood. In fact, it’s the second largest city in the state with over 260,000 people living in it. It’s technically a part of the New York Metro Area, too, and is connected to the larger city by a number of rapid transit rail systems. The Hill and The Heights are both popular neighborhoods with unique apartments and homes.

Lambertville

Another city ranked highly by the HRC, Lambertville was only two points short of making a perfect score this year. It’s located on the western side of New Jersey, almost directly opposite of Jersey City. Lambertville sits on the Delaware River and is much smaller than Jersey City. In fact, it only has about 4,000 people living in it. For those who want a very small town to call him, Lambertville will certainly fit the bill. Just because it’s small, though, doesn’t mean it isn’t the perfect place for you to call home.

Where Should LGBT Families Live in Nevada?

Thinking about moving to Nevada? If you work with a gay or lesbian real estate agent, they can suggest many amazing neighborhoods in this state. Of course, some parts of Nevada are more welcoming than others. While you might expect cities like Las Vegas to be home to many LGBT people, you might be surprised at some of the other cities that are on this list.

Las Vegas

Where Should LGBT Families Live in NevadaOf course, Las Vegas does top the list of friendly homes for LGBT individuals and families. There are many gay and lesbian owned businesses in the city, and just about every place is welcoming to people from all walks of life. But more than just a place to gamble or get married, Las Vegas is a large city home to a diverse number of people. The famous Strip with its huge casinos is just one small part of a sprawling metropolis that includes much quieter areas where you can raise a family.

Enterprise

Enterprise may not be a city you’ve heard of, but if you’re looking to move to Nevada, it should be on your list. It’s a suburb of Paradise, so you’re near everything that larger metro area has to offer. Enterprise is a popular retirement destination for many, including members of the LGBT community. With houses that are quite affordable and neighborhoods that are quiet and safe, you might find your home here, even if you’re not of retirement age just yet.

Virginia City

Virginia City has a very fast-growing LGBT community. Like Enterprise, it’s a quiet little suburb of a larger area. In this case, that’s the Reno-Sparks metro, which offers a great number of shopping opportunities, nightlife, and restaurants.

Reno

If you’d rather live in the metro area itself, Reno is also quite welcoming. This gorgeous area is home to a very active LGBT community. It also has very affordable housing, and there are many great opportunities in Reno. There are a number of different gay bars in the city, plus Reno hosts a great pride festival every year that brings in visitors from all over the northern part of the state.

Stateline

Stateline gets its name from the fact that it sits very close to the line between Nevada and California. A small town, Stateline only has around a thousand residents. Don’t let that stop you from moving there, though. If you love nature, you’ll find the area around Stateline to be one of the most beautiful you’ve ever seen. With just an hour’s drive, you can be in Reno, so you can have everything a metro area offers but still live far enough away that you get that small town feel.

These are just a few of the great cities in Nevada that welcome the LGBT community with open arms. If you’re moving to the state, you can put them at the top of your list.