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However when I see their source "From Zillow’s database of prices and locations of most U.S. housing stock." my opinion of their opinion drops 99%
It doesn't matter. The fact remains that homes on Main Street are probably going to be homes that are older than ones located on Kensington Drive. The latter values very well may be worth more, as well. That's all. No magic 8 ball.
If your street is renamed to an undesirable name, the name alone can lower house values there. People shopping for houses only have time to look at some of them. The ones they look at first are the ones whose street names are not undesirable. Therefore it's easier to sell houses on streets with more desirable names. And that raises the average sale price. While streets with undesirable names will have houses sitting on the market longer, with their prices being lowered. Thus if your street name gets changed to a better or worse name it can directly affect the value of the houses.
If your street is renamed to an undesirable name, the name alone can lower house values there. People shopping for houses only have time to look at some of them. The ones they look at first are the ones whose street names are not undesirable. Therefore it's easier to sell houses on streets with more desirable names. And that raises the average sale price. While streets with undesirable names will have houses sitting on the market longer, with their prices being lowered. Thus if your street name gets changed to a better or worse name it can directly affect the value of the houses.
Several years ago, I was a real estate agent. People search homes online and stop and look at the information based on the photo. Most of the time, when they call the agent to for a showing, they can't remember the name of the street. They do remember "the brick house with the yellow door and the swimming pool."
Once more, this time with feeling:
"We aren’t recommending that you start a petition to rename your street. Correlation is not causation. Homes on “Lake” aren’t more valuable because of the name; generally they’re more valuable because the descriptive name reflects a truth about the real estate. In this case, they’re probably next to — you guessed it — a lake."
Loblolly Lane - 2% than the average U.S. home. (My parents' house. In Wayland, MA. So, no way less than.)
Vrain St - 17% more. (My house. Not true. A lot more (the range is from $360K for a scraper to $660K for a new duplex side). In Denver, CO where the prices are way above USA average and climbing.)
Josephine St - 28% less. (My old house. Wrong! There is exactly one house on Josephine in my old neighborhood and the asking is $670K.)
Utica St - 17% (This is the street one block east of mine. Denver loves alpha-ordered street names. The prices are the same on both streets. Not different by 30+%.)
Bent Brook Rd - 118% more. (My former house in Sudbury, MA. Somewhat close as it would sell for $500+K.)
Syracuse St - 44% less. (A former house in Denver, CO. Wrong! Identical houses in the neighborhood have recently sold for $250K.)
GIGO
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Just silly
