Do the demographics of a neighborhood have anything to do with how homes appraise?

Posted by admin on February 27th, 2010 and filed under neighborhood homes | 3 Comments »


1. Not always true
2. Please don’t generalize
3. Besides the type of people moving in your community be sure to observe other things that are going on. Such as what are the school like, are all the good jobs in the city? Are you able to work where you live, or do you have to drive 45 minutes to work everyday. How many school and malls are in the area. Are there landfills and sewage treatment plants in your area. Are hospital close by, how about firestations. Theses count more than what color people are in the community!!!
4. Open you eyes and stop getting your facts from tv media and the newspaper all the time.

3 Responses

  1. ABD 25 Says:

    Yes, when blacks and hispanics move in, it drives everyone out, therefore home values go down.
    References :

  2. paisley Says:

    Depends on what the demographics have sitting out in the yard or on cement blocks in the driveway. Appraisers are not supposed to use demos in the report – surely you can figure out if the home is worth it or not by driving through the neighborhood.

    Are you selling or buying?
    References :

  3. styymy_2000 Says:

    1. Not always true
    2. Please don’t generalize
    3. Besides the type of people moving in your community be sure to observe other things that are going on. Such as what are the school like, are all the good jobs in the city? Are you able to work where you live, or do you have to drive 45 minutes to work everyday. How many school and malls are in the area. Are there landfills and sewage treatment plants in your area. Are hospital close by, how about firestations. Theses count more than what color people are in the community!!!
    4. Open you eyes and stop getting your facts from tv media and the newspaper all the time.
    References :

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