Lower-Income Americans Prefer To Stay Close To Home

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June 16, 2017

The United States has more than 3.7 million square miles of land, but a large share of potential homebuyers are cool with staying close to home.

According to the recent Zillow Housing Aspirations Report, family is among the most important reasons why people stay put, particularly for lower-income Americans.

Per the survey, 32 percent of people in the lowest income category say that proximity to family completely determines the decision on where to live, compared to 27 percent for median income and 23 percent for high income.

Older people also value living near family. Thirty-eight percent of people in the lowest income quintile said that proximity to family was the biggest reason they live where they live.

Similar patterns emerge across racial and ethnic groups: Lower-income whites, blacks, Hispanics and Asians were all more likely than their higher-income peers to say that proximity to family completely drives where they live.

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