Land Use & Zoning
What is 'downzoning' and how might it affect Idaho property values?
ARezoning to allow higher-density uses; generally increases value
BRezoning to a less intensive use (e.g., from commercial to residential); may reduce property value if the more intensive use was a valuable development right✓ Correct
CReducing height restrictions only
DA temporary zoning change during permit review
Explanation
Downzoning reduces the intensity of permitted uses (e.g.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Short SaleA sale of real property where the sale proceeds are less than the outstanding mortgage balance, requiring lender approval.
Loan-to-Value Ratio (LTV)The ratio of a mortgage loan amount to the appraised value or purchase price of a property, expressed as a percentage.
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