Millennials are buying homes with their pets in mind

89% of millennials who bought a home this year own a pet

TRD New York TRD WEEKEND EDITION /
Sep.September 02, 2018 02:00 PM

Millennials put their pets’ needs on top of their list of priorities when buying a home. (credit: mariposavet for Flickr and Wikimedia Commons)

Millennials love their pets so much that accommodating their four-legged friends’ needs is a top priority when buying a home.

According to the American Pet Products Association, 73 percent of millennials own a pet, CNBC reported. But when it comes to millennials who bought a home this year, 89 percent owns a pet.

Rental buildings have long catered to pet owners with dog runs and pet salons, and millennials are looking for the same kinds of features when buying a home.

“I don’t have kids, and I’ve intentionally decided that while I want to have kids one day, I’m not at that point in my life, and I think a lot of millennials here in D.C. are kind of in that same boat, but you still enjoy having something to take care of,” said Jessica Evans, a 31-year-old real estate broker in Washington, D.C.

Evans, who lives with her dog and cat, sold her condo and bought a single-family row house to help keep her pets happy.

She said most of millennial her real estate clients put outdoor space – either a yard or a park close by – as their top priority when buying a home.

A full 79 percent of pet-owning millennial homebuyers who closed on a property this year said they would pass on a home that otherwise meets all of their needs if it didn’t work for their pets, according a survey by Realtor.com. [CNBC] – Rich Bockmann


Related Articles

arrow_forward_ios
ButterflyMX CEO Cyrus Claffey (iStock; ButterflyMX)

ButterflyMX raises $35M to grow smart-intercom business

ButterflyMX raises $35M to grow smart-intercom business
76 Schermerhorn Street and 378 5th Street in Brooklyn (Photos via The Symon and StreetEasy)

It’s just one week, but Brooklyn luxury contract signings fell 50%

It’s just one week, but Brooklyn luxury contract signings fell 50%
565 Broome Street and 35 North Moore Street (Photos via 565BroomeSoHo and Google Maps)

Manhattan sees highest number of luxury contracts signed since early March

Manhattan sees highest number of luxury contracts signed since early March
(Photo courtesy of Winkworth)

London’s so-called skinniest home hits the market

London’s so-called skinniest home hits the market
(iStock)

Déjà vu: New home sales hit 14-year high in August

Déjà vu: New home sales hit 14-year high in August
Housing and Urban Development secretary Ben Carson (Getty; iStock)

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit
220 Central Park South with Louise Sunshine and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo trades for over $10K psf

Another 220 Central Park South condo trades for over $10K psf
The Real Deal's Amir Korangy, Fredrik Eklund and Louise Sunshine

Louise Sunshine and Fredrik Eklund hold court on selling luxury

Louise Sunshine and Fredrik Eklund hold court on selling luxury
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...