Millennials are buying homes with their pets in mind

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

New York 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
StreetEasy to hike rental listing fees by 50% on June 1
StreetEasy to hike rental listing fees by 50% on June 1
StreetEasy to hike rental listing fees by 50% on June 1
Robert Rahmanian, Louis Adler, Lyndsey Casagrande, Kenny Fung and Robert Reffkin (Getty)
Real New York sues Compass agents for breach of contract
Real New York sues Compass agents for breach of contract
Project Renewal CEO Eric Rosenbaum, Attorney Adam Leitman Bailey and 27 West 11th Street. (Google Maps, Facebook via Project Renewal, Bailey)
Greenwich Village site eyed for shelter has asbestos issues: lawsuit
Greenwich Village site eyed for shelter has asbestos issues: lawsuit
REBNY's James Whelan, Sen. Brad Hoylman and Assemblymember Emily Gallagher (Getty, Whelan via Anuja Shakya)
Bill to audit 421a gets hearing as pols put subsidy in crosshairs
Bill to audit 421a gets hearing as pols put subsidy in crosshairs
REBNY's James Whelan with Sen. Julia Salazar and Sen. Jabari Brisport (Getty, Brisport via Jabari for State Senate, Whelan by Anuja Shakya for The Real Deal)
It’s back: Lawmakers propose ban on broker fees
It’s back: Lawmakers propose ban on broker fees
Exterior and amenities of 85 Jay Street in Dumbo. (Front & York)
Two Brooklyn homes asking $8M go into contract
Two Brooklyn homes asking $8M go into contract
740 Park Avenue and 24 Leonard Street (Google Maps)
Steven Mnuchin’s Park Avenue pad tops Manhattan contracts last week
Steven Mnuchin’s Park Avenue pad tops Manhattan contracts last week
(Getty)
Where the lawsuits challenging NY’s 2019 rent law stand
Where the lawsuits challenging NY’s 2019 rent law stand
arrow_forward_ios

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

Loading...