Study Looks At Differences In LGB & Straight Home Buyers

Couple looking for first home (stock photo)

As some readers may know, I'm a licensed Realtor here in Las Vegas.

So I was interested to see the  first-ever Profile of Lesbian, Gay and Bisexual Buyers and Sellers released by the National Association of Realtors.

Crunching the numbers from four years of data, the report shows some definite differences in how LGB folks feel about, and approach, homeownership compared to heterosexuals.

When it comes to first-time buyers:

• 58% of bisexual homebuyers surveyed indicated they were purchasing their first home

• 36% of gay and lesbian buyers said the purchase was their first

• 32% of heterosexuals indicated it was their first trip to the real estate rodeo

Bisexuals were the youngest homebuyers, stepping up to the plate at median age 36-years-old, but with the lowest median income of $62,400.

Gay and lesbian buyers were the oldest demo at a median age of 45-years-old, but a much higher median income of $92,900.

Heterosexuals tend to buy around age 44 and with a median income of $91,200.

Bisexuals leaned towards smaller homes (median square footage of 1,840) and showed a preference for small towns (22%).

Gays and lesbians were more likely to buy in large cities or urban centers (28%) and chose larger homes (median square footage of 1,900).

The straight crowd liked bigger and newer homes (median square footage of 2,060) with a majority (53%) preferring the suburbs.

The report utilized data from 22,521 respondents. Of those, 3 percent identified as gay or lesbian, while 1 percent indicated being bisexual.

Check out the info-graphic below. And for more detail, click over to the National Association of Realtors.

And if anyone ever has any questions about real estate, while I can't list or sell homes outside of Nevada, I can offer professional advice on buying and/or selling your home. Reach out to me via my Real Estate Facebook page here.