Gay Neighbors Boost Property Values

by Paul CanningNovember 11, 2011

An academic study of how Ohio neighborhoods voted on a 2004 Gay Marriage Amendment has linked the result to house prices.

Gentrification by gay people has previously been studied as a boon to property values. This study of home values in and around Columbus, Ohio concluded that an increase in the number of same-sex couples by one in 1,000 households is associated with a 1.1 percent price premium in enclaves that backed gay marriage. The same influx in areas that didn’t support same-sex marriage was linked to a 1 percent discount.

It compared average home prices in neighborhoods after controlling for a number factors, including distance to the central business district, income, graduate degrees, school quality, crime rate and house size.

More:

www.care2.com/causes/gay-neighbors-boost-property-values.html

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