Which factor does NOT typically affect property value?

The factor that does not typically affect property value is the color of the house. While aesthetic preferences, such as color, may influence an individual buyer's emotional response to a property, they do not have a significant impact on the overall market value. Property values are generally derived from more substantial factors that influence buyer demand and market trends.

In contrast, property size has a direct correlation with value, as larger properties often command higher prices. Interest rates also play a critical role in property value, as they affect buyers' purchasing power and financing costs. Location is one of the most critical determinants of property value, with factors such as neighborhood desirability, proximity to amenities, and local market conditions heavily influencing how much a property is worth.