According to a new study from the Center for Neighborhood Technology, property values for homes located near public transportation weathered the housing bust much better than homes without easy access. The study found that residential property values performed 42 percent better on average if they were located within a half-mile of public transportation with high-frequency service — called the "public transit shed" — underscoring that homes closer to public transportation hold their value better. http://www.apta.com/resources/statistics/Documents/NewRealEstateMantra.pdf
Article courtesy of Smart Growth Online from a report
COMMISSIONED BY AMERICAN PUBLIC TRANSPORTATION ASSOCIATION IN PARTNERSHIP WITH NATIONAL ASSOCIATION OF REALTORS
PREPARED BY THE CENTER FOR NEIGHBORHOOD TECHNOLOGY
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