Our most effective tool for guiding revitalization strategies is the Market Value Analysis (MVA). The MVA is an evidence-based tool to inform community revitalization and manage neighborhood change; it identifies different types of markets, and those places where strategic intervention can stimulate private market activity or capitalize on larger trends. It is a unique approach using spatial and statistical analysis that is field validated and reviewed by local subject matter experts to identify and characterize local conditions throughout a locality, creating an internally-referenced index of residential real estate markets.
The MVA provides stakeholders with a common understanding of market types that allows public, nonprofit, and community organizations to engage in productive dialogue around the creation of a coordinated investment and service-delivery strategy. The MVA also provides a baseline against which community change over time can be measured. We have completed over 40 MVAs for city, county and state governments including Philadelphia and Pittsburgh, PA; New Orleans, LA; Kansas City, MO; Jacksonville, FL; and the state of Delaware.
Each MVA is unique. While many studies compare neighborhoods to neighborhoods, the MVA analyzes conditions not only at the community level, but at the block group level. Our experience in cities across the U.S. is that conditions vary significantly within neighborhoods. By looking below traditional neighborhood boundaries, the MVA can highlight market challenges and critical nodes of strength to inform investment strategies.