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Does high density cause home price to depreciate

Hello. I recently bought my first home and was super excited. I’m 26 and single. Thats until I realized the development behind me was going to be a 200+ unit apartment complex on an already busier street. Home was 355K with homes around it going for 400K plus brand new.

To make matters more interesting this will be strictly affordable housing. While I’m not against it bc I know homes are expensive in my area anytime I mention it everyone acts like it’s the boogyman and I should sell immediately.

Is that the case and I should sell? Tbh I feel stupid for not doing my research before buying but that’s on me.

submitted by /u/No-Arm2062
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source https://www.reddit.com/r/RealEstate/comments/16slr80/does_high_density_cause_home_price_to_depreciate/
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