A new report from Zillow says that homes with air conditioning sell for 2.5% more than those lacking this increasingly essential amenity. Renters, too, put a slightly higher premium on air conditioning with the typical rental listing on Zillow (w/central air) renting for 2.8% more than those without. In addition, they report that, nationwide, 66.1% of homes that have air conditioning and for those in the hottest climates – almost all of them; IE 99.1% of homes sold in Las Vegas, and 97.9% of homes sold in Phoenix….go figure?
“With summer temperatures hitting record highs across the country, today’s home buyer places a premium on the once-upon-a-time luxury amenity of air conditioning,” said Zillow Senior Economist Aaron Terrazas.
