Does Living Next Door to a Cemetery Adversely Affect Residential Property Values?

[BristolCavendish]

Curious. A work colleague relocating out-of-state is considering buying a house that is right next door to a cemetery. From the backyard deck, one can see rows of headstones and IMO it's kind of creepy (especially after sundown). The RE agent described the property as 'peaceful and in a bucolic setting' and his initial bid was readily accepted by the seller's agent.

When asked for my feedback, I tried to dissuade him from making a commitment towards purchasing this residential property. Years ago, an acquaintance bought a home adjacent to a church that had a communal burial ground and when time came to sell, the offers were noticeably less than other homes listed in the surrounding neighborhood.

It kind of reminds me of that old Grateful Dead song "Death Don't Have No Mercy" (whether in this life or in regards to the dollar sign.)