Florida Realtors®: Millennials Show Desire for Walkability, Outdoor Space
ORLANDO, Fla. – Younger Americans – particularly those with children – have been greatly impacted as a result of the COVID-19 pandemic, although those who live in walkable communities register a higher quality of life than those who live in less walkable areas, according to the National Association of Realtors®’ (NAR) recent Community and Transportation Preference Survey.
The 2020 survey confirms many of the migration trends that had been anticipated as a result of the pandemic.
According to the latest NAR survey, Americans under 40 (millennials and Generation Y) are most likely to say their overall quality of life has been negatively impacted by the pandemic, while they also note a reduced need to reside near highways, public transit or their place of work.
Among other noteworthy findings:
- Respondents who strongly agree that there are “lots of places to walk nearby” show an 8% increase in quality of life.
- Families with children in school show an increased desire for detached homes and larger yards.
- In February, a majority of Americans preferred a smaller yard in a walkable community.
- The importance of easy access to public transit and highways dropped 8% and 5%, respectively, from pre-pandemic levels.
- Americans older than 55 and those with higher incomes show an increased interest in walkability.
NAR has conducted twice-yearly community preference surveys for over 20 years, providing Realtors and their communities with decades of information regarding changing American lifestyles and migration trends. The Community & Transportation Preferences Survey polls residents in America’s 50 largest metropolitan areas. The first 2020 survey was conducted in February, immediately before the impacts of COVID-19 began to be felt, and again at the end of July.
Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research, and legislative representation to about 200,000 members in 51 boards/associations. Florida Realtors® Newsroom website is available floridarealtors.org/newsroom