How do Legal Protections Affect LGBTQIA+ Homebuyers?

Homebuyers from the LGBTQIA+ community often face the dilemma of choosing between affordable housing and legal protections against discrimination. Areas with explicit legal protections for LGBTQIA+ buyers tend to have higher home values, making it more challenging for buyers to find affordable options.

According to Zillow, typical home values in areas with LGBTQIA+ protections are approximately 46% higher compared to areas with no protections. Unfortunately, less than half of the U.S. states offer statewide laws explicitly prohibiting housing discrimination based on sexual orientation and gender identity.

Living in an area with legal protections may require sacrifices, as surveyed LGBTQIA+ buyers reported making concessions to save up for a down payment. These sacrifices included postponing or canceling health services and skipping meals.

The legislative landscape in some states has turned hostile towards the LGBTQIA+ community. States like Florida and Texas have implemented controversial laws that restrict the rights and healthcare options for LGBTQIA+ individuals. In response, LGBTQIA+ individuals and families are increasingly moving to safer regions and states.

The migration of LGBTQIA+ individuals may have implications for the commercial real estate market, as the community's growing numbers can potentially influence the demand for certain areas. With over 340 anti-LGBTQIA+ bills introduced across the nation in 2023, it is clear that the LGBTQIA+ community is seeking more inclusive and accepting environments.

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