April 23rd, 2014
Homebuyers in search of an eco-friendly neighborhood will likely find a new report from Redfin useful.
The online real estate marketplace created a list of the top 10 green neighborhoods across the U.S. in preparation for Earth Day. Researchers looked at 20 major metropolitan markets and searched for homes with green features, including low-flow faucets, solar panels, dual-pane windows, energy-efficient appliances, and environmental ratings and certification programs such as Built Green, Energy Star and Leadership in Energy and Environmental Design. Rankings were based on the proportion of green homes out of total homes listed for the past two years.
Chicago and Austin tie
Neighborhoods in Chicago and Austin topped the list at 39 percent. The full list is as follows:
Neighborhoods with the highest number of green homes
In addition to finding the greenest neighborhoods, Redfin also ranked which of the 20 neighborhoods had the most eco-friendly homes. Phoenix had Moon Valley, Dobson Ranch and McCormick Ranch as its top green neighborhoods. Seattle had the most neighborhoods where 10 percent or more of the homes for sale had green features, with 20 neighborhoods. Austin came in second with seven neighborhoods and Houston came in third with six neighborhoods.
According to Julie Jacobson, a Redfin real estate agent in Los Angeles, homeowners can affect the list by making their own green upgrades, such as those used for Redfin’s search results.
“All of these features reduce your home’s impact on the environment,” Jacobson said. “Going green also means saving money on monthly bills, especially when you take advantage of the various rebates and tax incentives available – it can really be a win-win.”
Additionally, the report found that green homes sell for more, as the the median sale price of homes with green features exceeded homes without green features by an average of $47,000. Not only can energy-efficient qualities appeal to current homebuyers, but they can mean additional equity when those buyers sell in the future.