It all depends on the area. Many towns, Shrewsbury included, designate some properties as "affordable" to assist the consumer who might not otherwise be able to afford to buy a home. It does not necessarily mean there is anything wrong with the house...and in many cases...it might be in better condition because the Housing Authority owns it.
If you have further questions, I'd be glad to answer them as I know Shrewsbury well.
In the end, it has nothing to do with who lives there, or whether or not it's owned by the town. Rather it has to do with whether you can see "apartment buildings" from the home. Whether they are luxury apartments or subsidized housing, less people want to live overlooking apartments, which means fewer buyers, which means lower values.
At a time when there are many choices for great homes without that issue, that's something to keep in mind.
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Happy to pull the data for you:
A local realtor who knows Shrewsbury would be your best source... but I can confirm that a property adjacent to affordable housing will limit market appeal... and therefore re-sale will be more difficult. Having said that, if you love the house and you can get an excellent deal on it... then it may be the property for you.
If you don't already have a buyer's agent working for you, I would encourage you to ask friends and colleagues to recommend a good agent in the Shrewsbury area.
Good luck in your search.
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