Mixed-Use Communities a Growing Preference

February 25, 2014 at 6:06 pm Leave a comment

Respondents to an Urban Land Institute study have shown a growing preference for mixed-use communities and a willingness to trade space for proximity to work/school:

The needs and wants of renters and homeowners aren’t so very different, as evidenced by the Urban Land Institute’s America in 2013 housing survey: both demographics are big fans of mixed-use communities…

In terms of important community characteristics, both renters and homeowners chose neighborhood safety and the quality of public schools as the top two most-desired attributes. But where homeowners tapped “Space Between Neighbors” as their No. 3 concern, renters chose walkability as the third most important attribute.

Proximity to work/school was the fourth most-desired attribute, and that consideration may even trump square footage. The majority of both renters and homeowners say they would be OK with trading a shorter commute for a smaller home–about 61 percent of respondents said they wouldn’t mind that trade-off.

The preference for suburbs or small towns is still strong: Only 28 percent of respondents said they prefer living in a medium-sized or big city, But the pull of urban living is strongest in some key demographics; about 43 percent of all Latinos surveyed prefer city life, as do 40 percent of Gen Y members.


Entry filed under: Housing Trends. Tags: , .

Raleigh #9 Metro Area With Most Units Under Construction Considerations When Investing in Smaller Apartment Markets

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


February 2014
« Jan   Mar »

Most Recent Posts

%d bloggers like this: