Neighborhood Features That Affect Price

By
Real Estate Agent with Keller Williams Elite HRRA# 0225063945

Certain neighborhood features near a home – like cemeteries and power plants -- could drag down a home’s price. Realtor.com® recently identified which of those features could have the biggest impact.

Some of theses might surprise you, check it out.

 

  1. Bad school: -22.2% (translation: homeowners 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%

Source: “The Neighborhood Features That Drag Down Your Home Value – Ranked,” realtor.com® (March 28, 2016)

 

Virginia Beach was ranked No. 3 among 52 mid-sized American cities (in 2014) in the list of Best Cheap Cities for Raising a Family, compiled by Cheapism.com, a website that reviews inexpensive products for the home and families.

 

The website cited Virginia Beach’s abundant public beaches, parks and playgrounds, as well as its high median income, low unemployment rate, low sales taxes and low crime rate. “The violent crime rate is lower here than in any other city we researched,” the website wrote.

 

Virginia Beach is one of the best cities in America for raising a family, according to a new national ranking that looks at cost of living, schools, crime and household income.  There are many homes listed here that are sure to impress, select your perfect home preferences and get an email when one is listed that you would love. These listings don’t last long, don’t wait.

 



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