Affordable Housing, Community Development, Fact Sheets

Mixed-Income and Affordable Housing Doesn’t Lower Nearby Property Values

 

MIT's Center for Real Estate looked at 7 mixed-income rental housing developments in Massachusetts and found no significant differences between home values close to affordable developments and those in other parts of town.

MIT researchers chose densely populated, controversial developments they predicted would be most likely to adversely impact property values. Their analysis of each development focused on an "impact area" around the development, and a “control area” in another part
of town. They made the impact area intentionally small, to not dilute the potential impact observed. Instead of simply reporting whether surrounding property values went up or down, they compared property value changes in the impact area with property value changes in control area. This method controls for other impacts on house prices.

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