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%)."
Read the full story: Redfin Values Proximity to Transit
The Best Cities for Public Transit
Redfin released its updated transit scores for 2019 and, while there’s little change in the ranking, cities like D.C. and New York did see changes in their scores.
The Best Cities for Transit
Redfin's most recent ranking of public transit access features some serious moves, both up and down the list.
More Evidence for a Link Between Transit and Home Values
Judging from a statistical analysis by Redfin, there is in fact a positive correlation between home values and transit access. But that only applies in areas where transit and walking are already common modes.
Amtrak, CN end decades-long dispute with eight-year agreement
The new operating agreement establishes an updated framework for the companies to work together, including processes to resolve disputes.
Northwest rail fans eager for Sept. 30 debut of Amtrak’s Airo fleet
Get ready for that new train smell and more seats. But they won’t go faster or run more frequently on the Cascades route in Washington and Oregon.
Judges permit Denver to divert 77,000 acre feet from the Colorado River for reservoir expansion
Overuse and climate change have caused the Colorado River’s water levels to plummet.
NYC to turn city-owned property into thousands of homes
The city has scheduled a public hearing regarding the development for October.
Buses travel at 5mph along this route in NYC. The Bronx's first-ever busway looks to change that
Prior to the busway, buses on the Bx36 route traveled as slowly as 5 miles per hour.
Pittsburg launches 'EZ permits,' aims for one-day turnaround for low-risk permits
The pilot ‘fast lane’ for permits is part of a bundle of modernization efforts for Pittsburg’s permitting process.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Thousand Oaks
City of Wisconsin Rapids
Harvard University Graduate School of Design
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello