Property Uniformity

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January 1, 1 7 min read Definitions

Homogeneous Real Estate Valuation Property Characteristics Property Uniformity Neighborhood Consistency Marketability

In real estate, 'homogeneous' refers to properties that are uniform in style, characteristics, and quality within a specific area. This uniformity often leads to maximized property values, as low-valued or unusual properties can negatively impact the value of nearby higher-cost properties.