Trulia has created a "Neighborhood Pride Score" to determine the communities with the largest gay populations. Access to those neighborhoods comes at a high price.
"During the last five years, the premium to live in neighborhoods with the largest gay populations has grown substantially," according to an article by Ralph McLaughlin. Specifically:
At the housing market bottom in 2012, homebuyers would have needed to pay, on average, a 28.9% premium to live in communities populated with a higher share of gay, lesbian and bisexual residents. This home-buying season, homebuyers will need to pay 36.8% premium to live in these same neighborhoods.
The post drills down on the local data, after explaining a methodology that relies on data from both OkCupid data and the U.S. Census to generate what McLaughlin has dubbed the "Neighborhood Pride Score." The demand to live in communities with higher Neighborhood Pride scores "has increased most in New York, New Orleans, and Boston, where the premium to live in gay neighborhoods has increased by 56 percentage points, 52 percentage points, and 26 percentage points respectively."
FULL STORY: Pride of the Neighborhood
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