9 Neighborhood Features That Hurt Home Values

power plantstarbucks logoSome neighborhood features, like having a Starbucks nearby, can bring up home values, (or is it that Starbucks moves in when home values increase?)

However, some Boulder neighborhoods don’t seem to be affected by things like this.

Having a cemetery or power plant nearby can bring home values down, at least in some areas.

To calculate, realtor.com® analyzed home prices and appreciation rates in ZIP codes of the 100 largest metro areas across the country… where a specific so-called “drag-me-down facility” – such as power plants or homeless shelter – was present.

Realtor.com®’s research team then calculated the potential discount by comparing the median home price of the ZIP codes with that facility with the median price for all homes in the same country.

Call, text, or email me today!… I’d seriously enjoy having the opportunity to talk to you about your plans if you’re moving, or if you know someone who is considering a move, and needs some straight answers.

The following neighborhood features emerged as the ones that could potentially drag down home values by the greatest amounts:

  1. Bad school: -22.2% (translation: home owners near a bad school received 22.2 percent less than an average home in the same county could get)
  2. Strip club: -14.7%
  3. High renter concentration: -13.8%
  4. Homeless 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%

Zachary Epps, GRI®, ABR®, MCNE®, REALTOR®, Eco-Broker®, full-time RE/MAX professional, RE/MAX Hall of Fame, RE/MAX Platinum Club…and author of

The Boulder Real Estate and Neighborhood Guide 

The Boulder Condo Guide 

The Home Buyer’s Handbook

Call, text, or email me today!… I’d seriously enjoy having the opportunity to talk to you about your plans if you’re moving, or if you know someone who is considering a move, and needs some straight answers.

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