Proximity to Public Transit Boosts Home Values

A new study from the Center for Neighborhood Technology affirms that homes located near public transportation maintain their property values better than homes without transit access.  The study found that residential property values hold their value 42 percent better on average if located within a half-mile of public transportation that has high-frequency service. Studies have also shown that consumers are willing to pay more for housing located in areas that exemplify new urbanist principles or are “traditional neighborhood developments.” These neighborhoods are walkable, higher density, and have a mix of uses as well as access to jobs and amenities such as transit.

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