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Survey Says: U.S. Homebuyers, Particularly Gen Z, Need Walkable Neighborhoods

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American homebuyers have a powerful choice for houses in walkable neighborhoods, in keeping with the Nationwide Affiliation of Realtors’ (NAR) just lately revealed “2023 Group and Transportation Preferences Survey.”

“Seventy-nine p.c of respondents price walkability as “very” or “considerably” necessary, and 78% say they’d pay extra for a house in a walkable group, the survey reveals,” in keeping with an article by Realtor Journal that shares particulars concerning the survey’s findings. “Younger adults prioritize walkability probably the most, with 90% of Gen Z and millennial respondents indicating they’d pay extra for a house in a walkable group; a 3rd say they’d ‘pay much more.’”

The survey additionally debunks a frequent narrative that the pandemic revealed a choice for the auto dependent neighborhoods of sprawl. “Walkability grew to become extra of a spotlight throughout the COVID-19 pandemic, however demand has solely grown since,” in keeping with the article. Nonetheless, regardless of these reported preferences, home migration traits present inhabitants declining in most of the nation’s extra city areas, with extra folks arriving on the outskirts of metropolitan areas.

Extra particulars concerning the survey and its findings can be found on the NAR web site.

An infographic detailing findings of the 2023 Community and Transportation Preferences Survey.
Findings from the NAR 2023 Group and Transportation Desire Survey (Picture courtesy of NAR and the Realtor Social gathering)

 

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