flexiblefullpage - default
Currently Reading

Community Amenities Perception Gaps

Advertisement
billboard - default
Market Data + Trends

Community Amenities Perception Gaps


February 21, 2019
school bus
Photo: Unsplash/Austin Pacheco

New homeowner sentiment data on home values reveals residents in areas with higher median home values report being more satisfied with their access to local amenities, such as those for jobs and education. 

The latest Zillow Housing Aspirations Report (ZHAR) also finds that residents in areas with lower home values report being less satisfied than their peers in higher-value areas, except with access to transportation. Education amenities had the greatest perception gap between high and low home value residents. Less than 40 percent of residents in areas where home values are in the bottom third of all neighborhoods say they have “relatively good access” to high-caliber educational amenities, while those in top-third communities have a 70 percent share. 

The perceived access-to-education gap between the priciest and least-pricey neighborhoods is sizable in most metros. The largest gap is in St. Louis, where only 27 percent of people living in a bottom-tier neighborhood reported relatively good access to a high-quality education compared to 81 percent in the top tier, a 54-point difference. Other midwest metros, including Detroit and Chicago, also had large perceived gaps in educational access, with point differentials of 40 and 36 between bottom- and top-tier neighborhoods, respectively.

Read more

Related Stories

Market Data + Trends

Home Prices Dropped at a Record Pace in July—Here’s Where They Fell the Fastest

U.S. home prices fell at the fastest rate in the history of S&P Case-Shiller Index in July, but not all markets are decelerating at an equal pace

Market Data + Trends

U.S. Home Prices Could Fall 20% By Next Summer, Experts Say

The housing market is in the throes of a major post-pandemic slowdown, and according to some of the nation's top economists, that could lead to substantial price drops in the year ahead

Market Data + Trends

The Fed Ups Its Pressure on the Housing Market, Amplifying Recession Fears

The Federal Reserve raised the 30-year fixed-rate mortgage yet again on Wednesday, and with more gains expected in the months ahead, housing experts warn a recession could soon follow

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category




Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.