The Effect of Gay Populations On Housing Prices

A new study looks at how home values in neighborhoods in Columbus, Ohio responded differently to the presence of gay populations.

The results of researchers and economists David Christafore of Konkuk University in Korea and Susane Leguizamon of Tulane University find "a strong link between a neighborhood's social ideology and its response to gay populations, as measured in housing prices. In areas where 59 percent or more voted against the marriage act -- in other words, more liberal areas -- the number of same-sex households was associated with a rise in home values. In areas that voted more vehemently for the marriage act -- considered more conservative neighborhoods -- housing prices dropped when same-sex households increased," writes author Eric Jaffe.

The New research is expected to be published in the March 2012 issue of the Journal of Urban Economics [Pre-press PDF].

Full Story: How Gay Populations Influence Housing Prices

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