Does a pending rezoning or a new development next door change what my home is worth?

A pending rezoning or a new development next door can change your home's value, either up if it brings new retail, transit or amenities buyers want, or down if it brings increased traffic, density or noise close to your lot line. The actual effect depends on the specific project and how recent comparable sales near similar developments have responded. Joel Boss checks county planning records and rezoning applications before finalizing a comparative market analysis on any property near active development.