Paying the price for proximity: The power of public transit when determining property value

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Studies show that close proximity to public transit can increase the value of single-family homes and apartments up to 45 percent. In fact, the convenience of living near trains and bus lines has become the leading determining factor for buyers.

That’s why metrics like TransitScreen’s MobilityScore is so important in determining property value. From shuttles, to bikeshares and TransitScreens, real estate developers are incorporating new means of accessibility into development plans to make sure there’s a connection between residents and where they want to go. By partnering with TransitScreen, property managers are able to provide residents with real-time mass transit updates all while maximizing property value.