Low Income Housing Doesn’t Negatively Impact High Income Housing

housing

The graph above shows that the introduction of low income housing into a neighbourhood does not negatively impact the value of other homes. Real estate agents perpetuate a myth that social (or public) housing destroys local housing prices. Clearly this myth is based on no reality.

If you’re a homeowner that dislikes people who earn less than you please stop fighting efforts to house others. Hopefully the linked research provides more evidence for people working to bring affordable housing to cities around the world.

In the nation’s 20 least affordable markets, our analysis of 3,083 low-income housing projects from 1996 to 2006 found no significant effect on home values located near a low-income housing project, with a few exceptions

There is no statistically significant difference in price per square foot when comparing properties near a low-income housing project and those farther away when examining projects across all 20 metros. Likewise, at the metro level, the majority of markets yield no significant difference in prices between the inner and outer ring after a project is completed. However, a few housing markets revealed significant differences in price per square foot near low-income housing projects after they were placed into service.

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