Raleigh Regional Association of REALTORS® releases a study on the Influence of Affordable Housing on Surrounding Property Prices
May 31, 2018
The Raleigh Regional Association of REALTORS® released a commissioned study as the discussion surrounding affordable housing continues to grow within our community.
With the need to inject empirical data into the affordable housing discussion, key residential metrics between a study and control group were developed and analyzed by local residential market analyst and appraiser Stacey Anfindsen. Conclusions were made based upon analysis of these metrics.
The study identified Habitat for Humanity of Wake County built homes as a representative sample of affordable housing. The lack of cluster of Habitat Wake built housing in many parts of the county produced a study group geographically located in southeast Wake County. Four subdivisions in this area of the county with a significant percentage of Habitat Wake built housing were identified. These subdivisions made up the study group. The control group was defined as subdivisions within the encompassing 27610 zip code that did not contain Habitat Wake built housing.