Where sex offenders gather, home values drop
According to a recent study by Longwood University, when a registered sex offender moves into a neighborhood, property values will go down. And once one sex offender moves in, more are likely to follow.
The study, compiled by four researchers, shows that while the presence of one registered sex offender in a neighborhood has a negative effect on home prices, a cluster of four or more within a quarter-mile of each other substantially increases a home’s time on the market — by as much as 147 percent, putting added downward pressure on home prices.
Full story in The Virginia Gazette
