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James Layfield

ASP, CNE
          4.99/5 View Ratings
Spyglass Realty and Investments

The Realty Skinny

Welcome and thanks for taking the time to check out my realty blog. Feel free to comment, ask anything or just soak in the content and hopefully we'll all learn a little more.

Welcome and thanks for taking the time to check out my realty blog. Feel free to comment, ask anything or just soak in the content and hopefully we will all learn a little more.

Neighborhood Features That Reduce Home Values


April 7th, 2016



Some neighborhood features close to a home, for example power plants and cemeteries, can really undermine a home's value. Realtor.com® analyzed data and came up with a list of features that have the most effect on values.

To forecast, Realtor.com® evaluated home prices and appreciation rates in zip codes of the top 100 metro areas that had a certain "drag-me-down-feature" that was present.

The research team then determined the possible discount by comparing the median home price in that zip code with the "drag-me-down-feature" with the median price for all homes in that same county. 

They came up with these features that had the greatest negative effect on home values:

  1. Bad School: -22.2% (homes near a bad school received 22.2% less than an average home in the same county)
  2. Strip Club: -14.7%
  3. High renter concentration: -13.8%
  4. Homesless shelter: -12.7%
  5. Cemetery: -12.3%
  6. Funeral home: -6.5%
  7. Power plant: -5.3%
  8. Shooting range: -3.7%
  9. Hospital: -3.2%

Main article: "The Neighborhood Features That Drag Down Your Home Value - Ranked," realtor.com® (03/28/16)


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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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