When choosing a neighborhood to buy a home in 2023, the quality of the neighborhood was one of the most important conditions to the majority of home buyers across all age groups in the United States. For young millennial buyers, the convenience of the home from their jobs was also highly considered.
Conditions influencing neighborhood choice for home purchase in the United States in 2023, by age group
Primary residence buyers; real estate purchased between July 2022 and June 2023
Method of interview
Online survey
Supplementary notes
The source adds the following information: "In July 2023, NAR mailed out a 129-question survey using a random sample weighted to be representative of sales on a geographic basis to 189,750 recent home buyers. The recent home buyers had to have purchased a primary residence home between July 2022 and June 2023. A total of 6,817 responses were received from primary residence buyers. After accounting for undeliverable questionnaires, the survey had an adjusted response rate of 3.6 percent." Generation Z - 18 to 24 years Younger Millennials - 25 to 33 years Older Millennials - 34 to 43 years Generation X - 44 to 58 years Younger Boomers -59 to 68 years Older Boomers -69 to 77 years Silent Generation - 78 to 98 years
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National Association of Realtors. (March 28, 2024). Conditions influencing neighborhood choice for home purchase in the United States in 2023, by age group [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/505285/factors-influencing-neighborhood-choice-for-home-purchase-usa-by-age/
National Association of Realtors. "Conditions influencing neighborhood choice for home purchase in the United States in 2023, by age group." Chart. March 28, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/505285/factors-influencing-neighborhood-choice-for-home-purchase-usa-by-age/
National Association of Realtors. (2024). Conditions influencing neighborhood choice for home purchase in the United States in 2023, by age group. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/505285/factors-influencing-neighborhood-choice-for-home-purchase-usa-by-age/
National Association of Realtors. "Conditions Influencing Neighborhood Choice for Home Purchase in The United States in 2023, by Age Group." Statista, Statista Inc., 28 Mar 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/505285/factors-influencing-neighborhood-choice-for-home-purchase-usa-by-age/
National Association of Realtors, Conditions influencing neighborhood choice for home purchase in the United States in 2023, by age group Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/505285/factors-influencing-neighborhood-choice-for-home-purchase-usa-by-age/ (last visited November 10, 2024)
Conditions influencing neighborhood choice for home purchase in the United States in 2023, by age group [Graph], National Association of Realtors, March 28, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/505285/factors-influencing-neighborhood-choice-for-home-purchase-usa-by-age/
