Owning a home in a rapidly condo growth neighborhood (condos, expensive, value)

[Hopeful for Life]

I purchased my 100- year old Craftsman home about a year ago in a rapidly gentrifying neighborhood, but have noticed that most of the new neighborhood real estate listings now are mostly condo and seemingly few single family homes. Would my home lose value over time if we become “condo city” or does it matter? There are still some streets here with handsome homes that have not seen any condo growth. Are those homes worth more? In my immediate neighborhood, 3 out of 5 are “old” and the rest consist of a monster house, a high rise (6 stories) and the back of a condo garage. Further down the street are more homes from the 1920-40s.

[WorldKlas]

In Dallas the neighborhoods in the Knox/Henderson area have a mix of condos and old homes. I have not observed that the houses have been negatively impacted by the condos if the houses are on streets with several other single homes.

[qhoc]

No, in general.

Look at Singapore. There are tons of condos and single family home still expensive.

Not a 100% related example but just an idea.

[Vegabern]

Isn't that the epitome of Houston? No zoning and all? It may affect the value in other areas but that's what I would expect in Houston.

[NativeHouston]

You may want to gather your neighbors and work on minimum lot size or setback deed restrictions
https://www.houstontx.gov/planning/M...Bldg_Line.html