Since 2015, homebuyers and sellers identified as lesbian, gay, bisexual, transgender, and queer (LGBTQ) have remained at 4%, according to NAR’s 2021 Profile of LGBTQ Home Buyers and Sellers.
The report states that part of the lack of growth is lower household incomes and less access to affordable housing. It also details the differences between LGBTQ and non-LGBTQ homebuyers and sellers. Here are more highlights from the report:
- Compared to homes purchased by non-LGBTQ buyers, homes bought by LGBTQ were around 170 square feet smaller and 15 years older.
- The LGBTQ median purchase price was about 9% less than the median purchase price for non-LGBTQ homebuyers.
- 46% of bisexuals reported single-income households.
- Non-LGBTQ buyers expect to live in their new homes five years more than LGBTQ buyers.