The Impacts of Foreclosures on Families and Communities

"For instance, a 13-state analysis cited in the report found that a home's value dropped 0.6 percent for each new foreclosure within one-eighth mile. A Chicago study forecast a 2.3 percent jump in a census tract's violent crimes for each 1 percentage point increase in the foreclosure rate"

from The Urban Institute: Nonpartisan Economic and Social Policy Research