How Does Affordable Housing Affect Surrounding Property Values?
Nov 14th, 2008
It isn't enough to ask whether or not affordable housing impacts the property values of surrounding homes. Key to understanding this conundrum is identifying those particular conditions of the housing, neighborhood or regional economy that can depress or, in many cases, even stabilize and strengthen neighboring property values. A clearer delineation and understanding of these conditions enables developers, builders, and public officials to make better informed decisions that will result in better quality affordable housing and the surrounding community as well.
This research synthesis is based on a review and analysis of 21 recent studies measuring the impact of various forms of affordable housing on property values. It addresses the following research questions:
- Under what conditions and circumstances does affordable housing decrease property values?
- Under what conditions and circumstances does it increase or stabilize property values?
Please click here to read the 3-page research brief.