After a decade of shifting market preferences and an ongoing urban renaissance, how do downtown home prices compare in cities around the country?
Eliza Theiss shares analysis by real estate website Property Shark that examines the difference in home prices in downtown areas compared to the rest of the largest cities in the United States.
The analysis attempts to capture the market realities of downtowns after a period of revitalization and reinvestment in the urban cores of cities in the United States since the Great Recession.
"Analyzing a decades’ worth of home prices in 34 of the largest cities in the country plus Manhattan and Brooklyn, we compared their median sale prices to that of their downtowns, as well as the evolution of these indicators from 2008 to 2018 to see if it really is that much more expensive to live downtown," according to Theiss.
The findings of the analysis reveal different stories in different parts of the country. In Charlotte, Manhattan, and San Francisco, homes in downtown have been steadily growing more expensive relative to the rest of the city. In cities like Minneapolis and Denver, however, "the price difference between homes in the downtown and the rest of the city has been steadily decreasing."
There are more variations and more specific examples to discuss in the source article.
Oregon Passes Exemption to Urban Growth Boundary
Cities have a one-time chance to acquire new land for development in a bid to increase housing supply and affordability.
Where Urban Design Is Headed in 2024
A forecast of likely trends in urban design and architecture.
Savannah: A City of Planning Contrasts
From a human-scales, plaza-anchored grid to suburban sprawl, the oldest planned city in the United States has seen wildly different development patterns.
Washington Tribes Receive Resilience Funding
The 28 grants support projects including relocation efforts as coastal communities face the growing impacts of climate change.
Adaptive Reuse Bills Introduced in California Assembly
The legislation would expand eligibility for economic incentives and let cities loosen regulations to allow for more building conversions.
LA's Top Parks, Ranked
TimeOut just released its list of the top 26 parks in the L.A. area, which is home to some of the best green spaces around.
City of Rochester
Boston Harbor Now
City of Bellevue
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
City of Birmingham, Alabama
City of Laramie, Wyoming
Colorado Department of Local Affairs
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.