Given the choice, most of us would prefer to live in a neighborhood with a mix of houses, stores, and other businesses that are within walking distance, rather than a neighborhood requiring driving between home, work, and leisure activities, according to a survey from the National Association of Realtors.
And most would be willing to compromise on the size of a home or yard in order to live in a preferred neighborhood or experience a shorter commute time — to a point. The single-family, detached home continues to reign supreme among the housing desires of Americans, even if they have to drive longer to get to it.
“Realtors build communities and care about improving those communities through smart growth initiatives. Although there is no one-size-fits-all approach, smart growth is typically characterized by mixed-use development, higher densities, and pedestrian friendly streets that accommodate a wide diversity of transportation modes,” said NAR President Gary Thomas in a statement.
“Growth patterns, economic development and quality-of-life issues are inextricably linked to the success of communities and residents.”
NAR’s 2013 Community Preference Survey was conducted by American Strategies and Meyers Research from September 18-24, 2013 and included 1,500 adult American respondents.
Among the respondents, 60 percent said they favored a mixed-use walkable neighborhood rather than one in which they would be more dependent on driving. The overwhelming majority of respondents, 78 percent, said that neighborhood was more important than the size of a home in deciding where to live.
If respondents could choose, the most popular type of community they would prefer to live in was a suburban neighborhood with a mix of houses, shops and businesses while the least popular was a suburban neighborhood with just houses.
Just over half, 52 percent, said they would prefer to live in a single-family detached house with a large yard — by far the most popular type of housing arrangement among respondents.
But most said they would forego a home with a larger yard if it meant a shorter commute to work or if it meant they could live within walking distance of schools, stores and restaurants.
Nonetheless, 57 percent said they would prefer to own or rent a detached, single-family house and have to drive to shops and
restaurants and have a longer commute to work rather than to own or rent and apartment or townhouse in a walkable neighborhood.
Senior Director, Coldwell Banker New Homes Division
With over 200 condominium, townhome and loft projects successfully marketed
“Fewer properties for sale with such remarkably low interest rates make it a great time to sell but a more difficult time to buy”