A Redfin analysis reveals the U.S. metro area where access to transit translates most directly to property value.
A recent study by Redfin, which analyzed the sale prices and Transit Score ratings of more than one million homes sold between January 2014 and April 2016, finding "that one Transit ScoreⓇ point can increase the price of a home by an average of $2,040 or 0.6%."
Builder shares the news of the study, which analyzed home sale data from 14 metro areas. From among those 14 metro areas, one city emerged as the leader in Transit Score-induced home value: Atlanta. "There, one Transit Score point is worth $1,901, or 1.13%, on average," according to the article. "After Atlanta, a point of Transit Score carries the highest value in Boston (1.10%) and Washington, D.C. (0.96%)."
FULL STORY: Redfin Values Proximity to Transit
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