Research: Low-Income Housing Doesn’t Depress Neighboring Home Values

Research via Trulia:

The bottom line for NIMBYs who fear that property values will take a hit when a low-income housing project locates nearby is that their anxiety is largely unfounded – at least in cities where housing is either expensive or in short supply.

The research looked at 20 of the nation’s least affordable housing markets, and compared changes in home value in neighborhoods where low-income housing was built, relative to neighboring areas which did not add low-income housing.

Homes within 2,000 and 4,000 feet of low-income housing developments in San Jose, Ca. Source: Trulia

Homes within 2,000 and 4,000 feet of low-income housing developments in San Jose, Ca.
Source: Trulia

Such statistics may be useful to reference when evaluating proposals to add Low Income Housing.

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