Industry News

Homeowners and Renters Take Different Views of Neighbors

Phil Hall
Aug 02, 2019
Photo credit: Getty Images/razihusin

When it comes to dealing with neighbors, there are significant behavioral differences between homeowners and renters.
 
According to a survey of more than 1,000 homeowners and renters by Rent.com, 65 percent of homeowner respondents felt it was appropriate to discuss home values with neighbors, while 16.7 percent felt it was inappropriate. However, 40.5 percent of renters felt it was appropriate to discuss rent with their neighbors and 35 percent felt it was inappropriate.
 
While nearly 40 percent of respondents admitted they were not friends with any of their neighbors, homeowners are more likely to make friends than renters by a 30.5 percent to 28.7 percent margin. And Millennial homeowners are 25 percent more likely to interact with their neighbors than the Millennial renting counterparts.
 
And while most people lack the ability to choose who lives next door, renters said they would pay an average of $225 per month on top of their existing housing expenses to choose their neighbors, while homeowners would only pay an average of $125.
 
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Published
Aug 02, 2019
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