Latest ImproveNet News
Jul 16, 2019
A new study from ImproveNet reveals exactly what buyers are looking for in a dream neighborhood Today 9:50 A.M. You successfully shared the article. Most American’s don’t live in their dream neighborhood , but for more than half of those, the dream isn’t that far away. A new study from ImproveNet finds that 70 percent of the 2,210 Americans surveyed between the ages of 18 and 76 don’t yet live in their dream neighborhood. But of those individuals, more than 50 percent want to live in a different town in the same part of the state, and more than 20 percent want to live in a radius of less than 10 miles from their current neighborhood. “Naturally, as people climb income brackets , it’s more likely they’ll be living in their dream neighborhood already,” the study explains. “Just 27 percent of people making less than $50,000 per year are living in their ideal neighborhood, compared with 44 percent of those making more than $100,000.” “However, that means a full 56 percent in the higher income bracket have yet to arrive at their dream destination,” the study continues. “Make no mistake, Americans love striving.” The respondents – of which 54 percent live in suburbs, 33 percent live in cities and 13 percent live in exurbs – also chose what’s most important in their dream neighborhood and the study found that most people want a grocery store, followed by public parks and a strong public school system. Shopping malls, theaters and houses of worship were the three least important attributes, according to respondents. Only 17 percent of respondents to the survey wanted to be very close with their neighbors, while the overwhelming amount, at 61 percent, said they wanted to be somewhat close.