Denver: Homes near light-rail lines tend to increase in value

[phantom power]

Homes near light-rail stations along the southeast line, which opened in November 2006, have increased by an average of nearly 4 percent over the past two years, according to an analysis by Your Castle Real Estate. But the rest of the Denver market declined an average of 7.5 percent.

...

The closer a home is to the station, the more its value increases, according to the Your Castle analysis. Homes less than a half-mile from a station increased an average of 17.6 percent, while those 1 1/2 to 2 miles away increased just 0.1 percent on average. The data varied widely among stations, however.

http://www.denverpost.com/news/ci_10850014

[formercia]

1. People are wising up.

City planners will soon see the financial advantage of good public transportation networks.

Higher valuation=more tax revenue=more justification for funding public transportation.

[hootinholler]

2. Is water still wet too? n/t

[depakid]

3. I saw numbers similar to this for Australian cities as well

It was certainly one of my criteria for moving into my current place. 10 minute walk or less than 5 minute bike ride to the light rail station. Nice!

[kristopher]

4. So do homes with a view of wind farms. nt