The Economic Benefits of Historic Preservation in Michigan

The Economic Benefits of Historic Preservation in Michigan, Technical Report (Oct.‘02) - prepared for the Michigan Historic Preservation Network
“Summary of Findings”
The property values debate—‘What effect does local historic district designation
really have on property values?’—is a complex issue involving multiple variables
that change widely by community. Our Michigan research supports the
conclusion that local historic district designation does not decrease property
values. This effect was not observed in any of the case studies researched for this
study or in any similar national studies. On the contrary, property values in the
designated areas experienced value increases that were either higher than, or
similar to, nearby, non-designated areas.”