The Beauty and Potential Value of Street Art

Is it possible to increase the resale value of your home if a well-known or famous piece of street art is close to your home?  Can street art help increase a neighborhood’s property values?

One poster child for the idea that art can transform a neighborhood is Greenwich Village in New York. Once a bohemian enclave, its hip reputation attracted luxury condos and triggered extensive gentrification that jacked up rent prices and drove out many of the artists and others that helped make the neighborhood cool in the first place.