In short, there are multiple answers. If you're talking about the tower on North Quinsigamond Ave, that would be one issue...if it's Francis Gardens, that could be different.
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.
Shrewsbury's Top Realtor since 1992
For more information on the Shrewsbury Real Estate market, please view my free Shrewsbury Real Estate video at the link below.