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Updated over 1 year ago on . Most recent reply

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Raymond Shoe
  • New to Real Estate
7
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Rental property near affordable, mixed income housing?

Raymond Shoe
  • New to Real Estate
Posted

Hi All,

I am new to real estate and would love to get some advice. I am considering purchasing some single family homes in durham NC but have learned there will be plans to develop a 740 unit "affordable, mixed income properties" with retail space within a block of it. The area is currently undergoing transition. Here is a link to the units being developed. 

https://www.housingfinance.com/developments/developers-annou...


Do these "affordable, mixed income" properties typically increase or decrease surrounding property value? Will these additional units make it harder to rent my property?

Thanks for any input!

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