Purchasing a home near a commuter rail station is delivering a high return on investment for Boston-area buyers. Consider these numbers from the National Association of REALTORS® (NAR)1:
- Boston was among seven regions analyzed by the NAR and the American Transportation Association. The others: Eugene‚ Ore.‚ Hartford‚ Los Angeles‚ Minneapolis-St. Paul‚ Phoenix‚ and Seattle. Each area had residential properties within a half mile of commuter rail‚ rapid rail‚ or bus options.
- Between 2012 and 2016‚ the median sale price of homes in the Boston area near a commuter rail station jumped 24%.
- The highest increase (144%) was found in the vicinity of Concord Station on the Fitchburg commuter rail line.
1“The estate mantra: Locate near public transportation‚” National Association of REALTORS®.