Will Building More Market Rate Apartments Increase the Affordable Housing Stock?

It's a commonly-held belief that the construction of market-rate apartments increases the rent in the area where they are built. Existing landlords, it is thought, see how much new units are going for and hike their rental rates, which results in higher rents for older, possibly less well-maintained, units.

Another common belief is that low-income housing depresses the value of housing in the vicinity. But research indicates that both of those commonly held beliefs are wrong.

Continue on to our blog to learn more about the impact of housing development on neighboring homes.