Sex offenders appear to settle into neighborhoods in “clusters,” and when they do, that can have an affect on home prices, according to researchers at Longwood University who studied data from nearly 20,000 real estate listings in central Virginia between 1999 and 2009.

The study found that one registered sex offender in a neighborhood can have a negative effect on home prices. The effect of two or three nearby sex offenders was not significantly more pronounced.

But a cluster of four or more sex offenders within a quarter-mile “substantially increases a house’s time on the market — by as much as 147 percent — putting added downward pressure on home prices,” Longwood University said in announcing the publication of the study.

Sex offenders are often prohibited from living near schools, day care centers and parks, so some neighborhoods are creating small “pocket parks,” or fighting school closings to prevent clustering,  said one of the study’s authors, economics professor Ray Brastow. Source: longwood.edu

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription