Neighborhood Names That Attract Wealthy Buyers
Excerpt: You may be able to judge a neighborhood by its name. Some neighborhoods containing certain names tend to attract the wealthiest residents and boast the highest home values, according to a new study by Porch.com, a home improvement resource.
Neighborhoods that include names like “Hills,” “Island,” and “Village,” for example, tend to report some of the highest average household incomes in the country. On the other hand, the lowest home values were found in neighborhoods with words like “Fort,” “Junction,” and “Rock” in their names.
In the richest neighborhoods, researchers found places that had names using the words “Village,” “Valley,” and “Heights” tended to exceed $100,000 in average household incomes. For example, in Texas, 22 neighborhoods and communities that contained the name “Village” had average household incomes of more than $174,000. Colorado and Michigan communities that contained the word “Village” in the name also contained some of the states’ wealthiest residents, too.
Link to original article: https://porch.com/resource/neighborhood-names
My comment: Neighborhood name adjustments?? I wonder how CU handles this?