The National Association of Gay & Lesbian Real Estate Professionals recently released its 2020-21 LGBT Real Estate Report. Here are some highlights:
LGBT Americans represent 4.5% of the U.S. population
Renters who would like to own a home:
- Lesbians 74%
- Gay Men 73%
- Bisexuals 68%
- Gender Expansive 66%
Top reasons LGBT renters want to become homeowners:
- 70%, Stop paying rent to someone else
- 54%, Freedom and control to decorate my personal space
- 53%, Financial investment for my future
- 50%, Provide my life/family more stability
49% Homeownership rate among LGBT Americans
65% Homeownership rate for all Americans
64% of LGBT people with children are homeowners
72% of surveyed real estate professionals reported that concerns about being welcomed in a new community were impacting the lower LGBT homeownership rate, up from 64% the year before
Loan approval rates for same-sex couples were 3-8% lower than for heterosexual couples
46% of renters fear discrimination when buying
13% experienced discrimination
4% reported discrimination
53% of LGBT renters have moved four or more times over the last 10 years