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A common form of not-in-my-backyard (NIMBY) activism is resistance to multifamily housing. Although NIMBY activism often targets both market-rate and subsidized multifamily development, studies of the effects of multifamily housing primarily focus on subsidized rental apartments. This study addresses this gap by analyzing the effects of condominiums and market-rate apartments as well as subsidized rental housing. Taking Little Rock, Arkansas, as a case study, this research uses a difference-in-differences approach to measure the effects of five types of multifamily housing on nearby single-family home sales prices: condominiums, market-rate rental apartments, subsidized rental apartments, senior and special needs apartments, and other multifamily housing (such as dormitories). The results suggest that most forms of multifamily housing have either no effect or a positive effect on sales prices for single-family homes within 2,000 feet of a new multifamily housing development.

Effects of Proximity to Multifamily Housing on Property Values in Little Rock, Arkansas, 2000–2016