Report Offers LGBT Real Estate Insights

June 01, 2020

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

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