Race and Property Value: A Changing Concept

  • December 24, 1982
  • • Written by: J.S. Fuerst Susan Sarcone

Fall/Winter 1982, Vol 7, No 2

Abstract: This study indicates that there are observable relationships between race and property values in American cities. The facts suggest that the introduction of some blacks into a neighborhood has little or no effect upon the movement of land and property prices, but where massive movements of minorities take place, prices do decrease and continue at the lower level. Exceptions are found in areas of recent immigration where properties have been in fine condition and the new population is entirely minority.