The relationship between crime statistics and property values is complex, and understanding how Fishburn’s figures fit into this picture is crucial for both homeowners and potential buyers. The simple answer is that crime rates can impact property values, but the extent of that impact depends on various factors including perception and comparison to regional and national averages.
Fishburn, a BUA located in County Durham, has a crime rate of 75.3 incidents per 1,000 residents. This is lower than the UK average of 91.6 incidents per 1,000 residents. Furthermore, Fishburn boasts a safety score of 82 out of 100, which is also higher than the national average of 79. This suggests that, based purely on the numbers, Fishburn is a relatively safe area.
However, it’s important to remember that property values are influenced by more than just raw crime statistics. Perception plays a significant role. Even if Fishburn's crime rate is lower than average, negative perceptions about safety can still depress property values. Factors like the types of crimes committed (e.g., burglary versus violent crime) and the media coverage surrounding them can all contribute to these perceptions.
Conversely, a high safety score, as Fishburn possesses, can be a positive driver of property values. A score of 82/100 indicates a relatively high level of safety, which can be attractive to potential buyers. This, coupled with the lower-than-average crime rate, presents a potentially favourable environment for property values. The population of Fishburn, standing at 2365, also contributes to a sense of community, which can positively influence perceptions of safety and, consequently, property values.
Ultimately, while Fishburn’s crime statistics are not a cause for major concern and the safety score is encouraging, local factors and buyer sentiment will be the key determinants of property value trends.