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What is really happening in your neigborhood?

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A new website is helping Valley residents stay on top of what's going on in their neighborhood. From hazardous spills to the number of sex offenders living within a mile of an address, homedisclosure.com spells it all out.

RealtyTrac launched the website and what it calls the first ever Registered Criminal Offender Risk Index. RealtyTrac says it found the average home values and home equity were lower in zip codes with with a higher offender index number.

The website is free although users have to register with an e-mail and password before downloading reports on an address.

RELATED: Where do sex offenders live in your area?