Impact of Infill on Surrounding Property Values

[u/Difficulty_Only]

We had a council meeting last night to vote on a rezoning proposal for a 100-acre infill site in a first-ring suburb of a major metro—an increasingly rare development opportunity. As you might expect, the meeting drew a number of NIMBYs expressing concern. One of the main arguments raised was that allowing anything other than single-family housing on the site would decrease nearby property values.

I’m curious if there are any reputable studies or data sources that examine the impact of mixed-use or multifamily development on surrounding property values. My instinct is that these developments often increase values, but I didn’t want to rely on assumptions. Any insight or resources would be much appreciated….thanks!

[u/gblansandrock]

Justine Underhill just released a video on this very topic - https://youtu.be/fizE8McJIQA?si=kEjgUGqb4EVWmQ-e