• Data for eight U.S. cities – Boston, Chicago, Dallas, Houston, Jacksonville, Milwaukee, Philadelphia and Seattle – demonstrates that reducing crime raises home values significantly.
• Averaging all the cities, Kevin Hasset, director of economic policy studies for the American Enterprise Institute, and Rob Schapiro, chairman of economic advisory firm Sonecon, concluded that one fewer murders in a ZIP code brought the prices of homes in that area up 1.52% the following year.
• Crime data that economists pushed through the computers came from police, and home-price data came from DataQuick and Zillow.

From the article: A 10% reduction in violent crimes could result in billions of dollars in home price appreciation for several major cities, according to a study from the Center for American Progress. ..."