How much will murder impact the value of your home? | finder.com
crime scene investigation gun

How much will murder impact the value of your home?

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Homicides wipe $2.3 billion off the US property market every year.

It’s no surprise that a murder on the premises can lower the value of your home. But just how badly does it affect prices?

finder.com has calculated the impact of murders on property prices across the United States. To do that, we used research from University of Technology Sydney (UTS), which found that home prices generally fall by around 4.4% for properties located within 0.2 miles of a homicide location in the year following the murder. Not only are people creeped out by the thought that someone has been killed, a murder creates a perception that the area is generally less safe and has a higher crime rate.

We applied that percentage to the housing market in each state, looking at the number of murders and the typical housing density as of 2014. That let us calculate the typical impact on a property price, as well as the overall impact in each state.

You can check out the impact across every state in this interactive chart:

Which states have been hit the hardest?

These are the 10 states which saw the biggest impact due to homicide. California tops the list (it also has the highest number of homicides), while the high-density housing market in New Jersey saw it take second place.

StateMedian home value (Dec 2014)Number of homicides in 2014Housing density (homes/mile2)Properties impactedPotential value dropEstimated total market loss
California$431,20016978844,801$17,472$566,664,412
New Jersey$284,10033748348,831$11,018$406,940,522
New York$253,10061317231,631$9,996$234,835,494
Maryland$253,20030924522,712$9,929$168,682,853
Massachusetts$322,70013136014,148$13,065$133,923,082
Pennsylvania$150,30060912422,655$5,909$99,880,482
Virginia$229,500337858,594$8,978$57,851,442
Ohio$114,80043612516,350$4,575$55,058,080
Illinois$155,3004289512,198$6,131$55,567,582
Texas$138,20011413813,007$5,698$52,730,265

Methodology

Data on median home prices was sourced from Zillow. Data on the number of murders in each state was sourced from Statista. US housing density data was sourced from towncharts.com. Data on the estimated effect of a nearby homicide on property values was obtained from the University of Technology Sydney (UTS) Economics Discipline Group of the Business School.

UTS research found that home prices within 0.2 miles of a homicide were reduced by 4.4% (median range) for one year. The estimated total loss for each market was calculated as follows: (median home value*0.044)*(housing density/0.2)*(homicides) Data was not available for Florida, Maine and Wyoming.

Picture: macwagen, licensed under Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Generic (image cropped)

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site