National studies have shown that property values within historic districts tend to rise, as buyers value not only the district’s historic elements, but also protection from teardowns. Edina’s Country Club District is a prime example of this effect.
For individual properties, owners considering pursuit of Heritage Landmark designation must consider both losing their ability to sell their home to a developer for tear-down, as well as gaining the cache of being selected as a unique property that merits preservation for posterity.