>>1816581Zoning has been around for decades and only in the last 15-20 years housing prices (outside of places like, say, San Francisco) have been completely fucked. Even in the last five years, Houston home values have increased almost 50% in value. That's a HUGE increase, and nothing about their zoning has changed. Unless there's been some massive zoning rules since 2005 done, zoning is not a significant factor in home prices.
My hometown had pretty strict zoning rules in terms of where residential and commercial could be and townhomes, while not common, still get built every few years.