Click here for the 2020 Best of Orlando® Readers Poll ballot!

Thursday, May 23, 2019

Data says houses are more valuable in Orlando's gay neighborhoods

Posted By on Thu, May 23, 2019 at 5:44 PM

click to enlarge PHOTO BY JOEY ROULETTE
  • Photo by Joey Roulette
The value of a home in Audubon Park and Coytown, which have the highest rates of same-sex households in Orlando, is about 27% higher than the rest of the area, according to data from the American Community Survey recently analyzed by Zillow.

All over the nation, homes in these so-called "gayborhoods" tend to be the more expensive in their area. The home value in Cleveland's Riverside neighborhood is 293.9% higher than that of nearby neighborhoods, 173.7% higher in Houston's Neartown-Montrose, and 233% higher in West Palm Springs than in the surrounding Riverside Metro area.



"The narrative of gayborhoods as a signal for rapid home value appreciation and gentrification has been around for decades," says Skylar Olsen, Zillow's director of economic research. "While these neighborhoods still foster a sense of community and social acceptance, living within them often comes at a premium many may not be able to afford."

Neighborhoods with a higher LGBT presence are usually associated with gentrification and urban development. Gayborhoods also typically have amenities such as bars and clubs, restaurants, and arts or cultural elements, which all contribute to higher property value, according to Zillow.

Stay on top of Orlando news and views. Sign up for our weekly Headlines newsletter.

Tags: , , , , ,

Orlando Weekly works for you, and your support is essential.

Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of Central Florida.

Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.

Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep Orlando’s true free press free.

Newsletters

Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Read the Digital Print Issue

June 3, 2020

View more issues

Calendar

© 2020 Orlando Weekly

Website powered by Foundation