unearned increment

n.
The increase in property value resulting from factors independent of the owner, such as a general rise in demand for land.

Increase in the value of real estate unrelated to effort on the part of the owner, often due to an increase in population. See also Sweat Equity.

An increase in the Value of real estate unrelated to effort on the part of the owner; often due to an increase in population.
Example: Murphy buys a Tract of land in the county for $2,000 per Acre. As the city grows, the surrounding county begins to develop, with paved highways eventually extended to Murphy's land. Murphy sells the land for $5,000 per acre, realizing an unearned increment in value of $3,000 per acre.

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The noun has one meaning:

Meaning #1: an unearned rise in the market value of property resulting from general market factors

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