Trulia Boston, Home Buyer in Boston, MA

How do T stops affect prices? And how far from a station does that effect hold true

Asked by Trulia Boston, Boston, MA Mon Apr 9, 2012

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Heath Coker’s answer
Here on Cape Cod we don't worry about T stops.
We have peace and quiet.

In fact, you can ride the bus and sleep or work all the way to Boston from here.
Of course, then you have to go to the beach when you get home and on weekends.
But goodness, someone has to do it.

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1 vote Thank Flag Link Wed Apr 11, 2012
The funny thing about T stops and prices is that proximity to T stops doesn't really affect prices, but it does affect the ability to rent a place. Many tenants and homeowners would prefer to be within walking distance to a T stop, but no one is really going to charge more for this convenience. Also, as Norman Hodson said, no one wants to abut the train tracks. Being on the train tracks tends to drive down that property value a bit.
0 votes Thank Flag Link Mon Apr 9, 2012
Very important because it's part of real estates famous formula: location, location, location! Public transportation is considered part of a properties "walkability" so in essence the T should be walkable in order to have a positive effect on value.
Web Reference:
0 votes Thank Flag Link Mon Apr 9, 2012
I would say that proximity to the T is important to the majority of buyers - even those with a car. it may not result in any significant increase in price but it will make the property more attractive.
0 votes Thank Flag Link Mon Apr 9, 2012
A lot!!!
proximity to public transportation is always a desirable factor in real estate value.
0 votes Thank Flag Link Mon Apr 9, 2012
It depends on how someone feels about living near the T. To some they would pay extra for that to others perhaps not
0 votes Thank Flag Link Mon Apr 9, 2012
A great Question! And it does depend on the neighborhood, and even THE T-Station.
If a property is located right next door to the Station (or train tracks) that might be a bit undesirable while dealing with the noise & commuters (and pedestrian traffic). However, if a property is within 5 blocks from a T-Station that certainly can help property values, especial for rental properties.

Certain T-Stations might be considered more desirable than others, based on the actual location, commuter traffic and which MBTA T-Line it services.

Lots of variables to consider and for more detailed information about the advantages or disadvantage of any specific property, feel free to contact me directly.

Kind Regards,

Norman D. Hodson
Direct Line: 617-861-3630
Cellular: 617-818-2101
Direct Fax: 617-294-4396

607 Boylston Street, 5th floor, Boston, MA. 02116
Office: 617-542-0012 • Fax: 617-542-0016
0 votes Thank Flag Link Mon Apr 9, 2012
Depends on Communities. In Newton you would like to have the T within walking distance but not close enough to see it or hear it.

In Needham we have the commuter rail again, nice to be able to walk to it, but not have it in your back yard.

Brookline, its everywhere except in the South Brookline.

All these communties are not effected only by having the T, but all are very accessable by car and most families have 2 -4 cars depending on age of kids.
0 votes Thank Flag Link Mon Apr 9, 2012
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