Where and Why the Upfront Costs of Renting Differ So Widely
When controlling for age, income, home type, urbanicity, and region, LGBTQ+ renters are more than 1.4 times as likely to pay an application fee. Renters of color are more than twice as likely.
Sacrifices People Make to Afford the Rent
The U.S. median rent now consumes 27.8% of the country’s median income – nearing the 30% tipping point above which rent is considered unaffordable and the 32% tipping point above which communities can expect a more rapid increase in homelessness. What that looks like at the individual renter level is sacrifice.
Dead Neighborhoods: Where Cemeteries Might Influence How Much Buyers Save or Spend
An abundance of nearby graveyards may help scare up neighborhood home values or bury them, according to a Zillow analysis.
Seller Stresses: The Things Virtually All Home Sellers Sweat
Selling a home is plenty stressful, and virtually no one is immune: 95% of home sellers are stressed by some aspect of the process.
People Want A/C More Than They Want to Be Near Family and Friends
More than three-quarters (76%) of home buyers say air conditioning is “very” or “extremely” important, and two-thirds (66.4%) of renters agree. A far smaller share of each group says it’s similarly important to be near family or friends: 46.7% of buyers and 36.2% of renters.
Almost Half a Million California Homes at Risk From Wildfires
Zooming into the metro level, Zillow analyzed the wildfire risk to homes in four areas: Los Angeles, Riverside, San Diego and Sacramento. Riverside has the most at-risk homes -- 113,520 -- while the homes at risk in the Los Angeles area have by far the highest average value at more than $1 million.
36 Major Metros Where High School Grads Can Afford a Home (Q1 2019 Affordability)
Despite home values climbing for years, the median home in 36 of the country’s 50 largest metro areas is theoretically affordable to households that earn the typical income associated with attaining only a high school diploma.
45% of Renters Wish They Owned
For all the headaches of homeownership, renters are the ones with more regrets, according to the Zillow Housing Aspirations Report. One of their biggest: renting.
‘Lazy’ Millennials Actually Work Harder at Buying, Selling Homes
They go on more tours, give more open houses, do more research on real estate professionals, and fix up their homes at higher rates than older generations.
