Impacts of urban renewal on housing prices: A systematic review and meta-analysis

Urban renewal is widely recognized as a driver of urban transformation, yet its impacts on housing prices remain contested. This study systematically reviews 153 peer-reviewed publications (2013–2023) using the PRISMA framework, integrating bibliometric mapping, text mining, and article-level statistical testing. The analysis shows that while descriptive evidence suggests variation across renewal types, scales, and contexts, chi-square tests confirm that only context is significantly associated with housing price outcomes. Urban-core projects are more often linked to appreciation, whereas peri-urban initiatives display mixed or negative effects. By contrast, project type and scale do not yield statistically significant associations, underscoring the primacy of location and local conditions. Beyond empirical results, the study highlights critical social implications, including affordability pressures, displacement risks, and uneven community stability. These findings provide a more differentiated and context-sensitive understanding of the renewal–price nexus, offering valuable guidance for policymakers and researchers concerned with equitable and sustainable urban development.