When choosing a neighborhood to buy a home in 2023, the quality of the neighborhood was the most important condition to the majority of home buyers in the United States. Other highly important factors that influenced the neighborhood choice of home buyers were the convenience of the home from their friends and family, and overall affordability of the homes.
Conditions influencing neighborhood choice for home purchase in the United States in 2023
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."
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National Association of Realtors. (March 28, 2024). Conditions influencing neighborhood choice for home purchase in the United States in 2023 [Graph]. In Statista. Retrieved December 13, 2024, from https://www.statista.com/statistics/505258/factors-influencing-neighborhood-choice-for-home-purchase-usa/
National Association of Realtors. "Conditions influencing neighborhood choice for home purchase in the United States in 2023." Chart. March 28, 2024. Statista. Accessed December 13, 2024. https://www.statista.com/statistics/505258/factors-influencing-neighborhood-choice-for-home-purchase-usa/
National Association of Realtors. (2024). Conditions influencing neighborhood choice for home purchase in the United States in 2023. Statista. Statista Inc.. Accessed: December 13, 2024. https://www.statista.com/statistics/505258/factors-influencing-neighborhood-choice-for-home-purchase-usa/
National Association of Realtors. "Conditions Influencing Neighborhood Choice for Home Purchase in The United States in 2023." Statista, Statista Inc., 28 Mar 2024, https://www.statista.com/statistics/505258/factors-influencing-neighborhood-choice-for-home-purchase-usa/
National Association of Realtors, Conditions influencing neighborhood choice for home purchase in the United States in 2023 Statista, https://www.statista.com/statistics/505258/factors-influencing-neighborhood-choice-for-home-purchase-usa/ (last visited December 13, 2024)
Conditions influencing neighborhood choice for home purchase in the United States in 2023 [Graph], National Association of Realtors, March 28, 2024. [Online]. Available: https://www.statista.com/statistics/505258/factors-influencing-neighborhood-choice-for-home-purchase-usa/