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phrogvt

street names and home values

5 years ago

Can a change of street name decrease the value of a home? For example, if you live at 123 Park Place and your municipality changes your address to 25 Dump Road, would an appraiser take that into account?

Comments (28)

  • 5 years ago

    It could affect your appraisal. I don't think it would be much, because no one is going to actually make that kind of name change.


    Just like no one is going to change the name of the municipality from Roseville to Smelly Town.


    And your home value is not going to skyrocket because Dump Road was changed to Park Place either. It might improve over time. Everyone would rather live on Park Place in Roseville than on Dump Road in Smelly Town. But for a while, at least, everyone will still know the old names.



  • 5 years ago

    Why are you positing a ridiculous example? Clearly you are trying to skew answers to justify some opinion you have about street names. Why don't you just tell us what the street is, and what someone is trying to change it to?

    There are some very expensive homes with strange street names.

    https://www.lamag.com/citythinkblog/street-names/



  • 5 years ago

    The new address is on Swamp Street.

  • PRO
    5 years ago

    My sister in law would not even look at a home in Buttes County because she didn't want that on a license plate. I have friends who live on Lee Blvd in a neighborhood where all the streets are named for confederate generals so they just call it Peggy Lee Blvd. Finally for years my office was on Mills B Lane Boulevard. I got mail to Millsby Lane all the time. Now I'm on Jefferson St, so much easier

  • PRO
    5 years ago

    Last subdivision I did I named the street after my kid. I'm sure if you name a street with some whacky name it could affect resale. Some people stay away from number 13, etc.

  • 5 years ago

    My husband won't live on a street named 'Carrie' or any variation of that - his first wife the devil incarnate.

    My husband and I ask ourselves, 'Will our mail be lost because nobody could spell the street name?' My childhood home was on Mauna Loa in Phoenix, which was hard to for people to spell, but the hardest was on Chinook Circle in Clarksville. Now we're moving to Cool Oaks.

  • 5 years ago

    If it was a home I wanted the name wouldn't stop me from buying it.

  • 5 years ago

    We lived on a three-house street, Reck Place. The good guessers at the USPS delivered mail to Wreck, Wrecked, Wreckless, Rick etc. Subsequent owners petitioned and got it changed to Rex Place.

  • 5 years ago

    I avoided look at any homes in towns with names I disliked; Paw Paw and Sandwich. I could not see myself telling people when traveling we were from either of those

  • 5 years ago

    We own some farm land on Dirty Head Road. I'm guessing if it were to ever be developed the name would be changed.

  • 5 years ago
    last modified: 5 years ago

    An old-timer said the road we lived on (at the time) was originally Pig Pen Road, because there used to be a pig farm up the way.

    Swamp Street wouldn't deter me. Would you mind telling us what it's being changed from?

  • 5 years ago

    The road I live on is called Fox Run, but it is also referred to it's old name of "Back Road", "Back Road to Lewis", and Co Road 10. Google uses Back Road for part of it.

  • 5 years ago

    Changed from Hinesburg Rd, which I consider neutral for property value.

  • 5 years ago

    Hallet & Co, There really was a man named Mills B Lane. My dad knew him. He was a very prominent businessman in the Southeast US. What would be confusing would be if it were named Mills B Lane Lane.


    Regarding names and valuation, as a retired real property appraiser, there really isn't a good way to produce a valid comparative analysis. Any conclusions would be pure speculation.


    I can speculate about one or two antidotal stories of name changes affecting valuations. I have always thought that a street named Smith Avenue will generate a different value than Smith Street. Some street names may indicate greater traffic or activity. If it's a residential street, it might reduce valuation. If it were a commercial throughway, it might increase the commercial valuations. Who knows?

  • 5 years ago
    last modified: 5 years ago

    phrog, Hinesburg vs Swamp, not important. Road vs Street -- I assume that a 'street' is more urban or suburban and not rural, but wouldn't bet on it. Whenever I've been a serious buyer, I look at actual map location, not address name, very early in the process.

    When I'm just play-looking I give consideration to location names. I'd love to live in "Frog Level", or on "Nickel Road"! -- lol.

  • 5 years ago

    There's a house down the street with the address 1313 -- always makes me think of 1313 Mockingbird Ln, the Munster's address LOL! Especially since the house is kind of dark and a little foreboding...

  • 5 years ago

    There's a road in the area called Poorhouse Rd and I've always wondered why anyone would want to live there. I think a road name like that would definitely be a deterrent for us. Swamp Rd is ugly, but doesn't have the same connotations, so if someone really loved the house that might only be a minor consideration.

  • 5 years ago

    My area a road for years was called crappie lane ( a fish but people pronounced it crappy lane) and someone decided to develop subdivide on the road renamed road Paradise Point 🤷🏻‍♀️😁 better selling don’t know about appraisal

  • 5 years ago
    last modified: 5 years ago

    Well .. I guess I'll be the lone objector. I think "Swamp Road" would definitely deter some people from living there and therefore eventually would lower the value somewhat. Maybe not significantly, but to some extent.

    Swamp is not a great word. It depicts a muddy, smelly area full of bugs.

    If you tell people you live on Swamp Road, they are not going to be picturing a majestic landscape.

    Would it deter me personally? I doubt it. But if there was the exact same house with the exact same landscape around it on a street with a different name for the exact same price, I'd buy the other house.


    Edited to add: If you are actually IN a swamp and the surrounding IS a muddy, smelly area full of bugs then I guess it wouldn't decrease the value. People will see that you're in a swamp whether the road is named that or not. But if the road just leads to a swamp that's 20 miles away, then it's a bad name for the road.

  • 5 years ago

    There is a Swamp Road in Bucks County, PA. I’ve never heard anything negative related to the name. Also, there’s a new book out called “The Address Book - What Street Addresses Reveal About Identity, Race, Wealth, and Power” by Deirdre Mask. Includes examples and explanations from around the world and looks at the history of house numbers as well as names, street grids, etc.

  • 5 years ago

    RE: Swamp Rd — I would assume it would require flood insurance, so my first Impression would be negative.

  • 5 years ago

    In my neighborhood, Pigtown, there is a street, S. Carey, which most locals refer to as Scary Street, because it is a little scary and John Waters has said in interviews a few times it’s one of his favorite streets in town. Do appraisers take either into account? Not if they are good at their jobs.

  • 5 years ago

    This is a great question. I’ve not looked at homes because I really hated the street name and that’s a valid concern IMO. I even make sure the address rolls off the tongue and/or isn’t hard to say or spell. There was a neighborhood we looked at that every street was a type of wine, I love wine and all but I don’t know that I want to live at 333 Cabernet Sauvignon Blvd LOL.

  • 5 years ago

    I have seen similar situations happen when Long Pond was renamed Beaver Mountain Lake and RE prices went up $100,000 overnight or Dump Road became Michael's Way and home prices went up. We as locals knew the reality but out of town buyers were impressed. LOL

  • 5 years ago

    We have a Park Street Road in our area. I'll never understand the redundancy.

  • 5 years ago

    Our first house was in a subdivision where the builder named the streets after his family. His name was Heber, one son was Jedi (before SW, pronounced Jeddy). We lived on Jimbo Rd. Not sure which family member that was!

  • 5 years ago
    last modified: 5 years ago

    Did you later move to Sesame Street?