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Proposed Local Historic District
Proposed Local Historic District
Tell us how the creation of a downtown area historic district might affect your home purchase decisions.
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According to a 2007 analysis by Jonathan Mabry, historic preservation officer for Tucson, Arizona, home values rose 5% to 35% per decade in more than 20 historic districts nationwide, compared with home values in undesignated neighborhoods in the same communities. Also, according to the National Trust for Historic Preservation “even if your home’s price doesn’t rise, it’s less likely to fall if your neighborhood is in a historic district.

Statistics show if an historic neighborhood includes commercial buildings, your home’s value could rise even more because home buyers pay a premium for homes where they can walk to shops, restaurants, and work. What are your thoughts?

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Proposed Historic District
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