An article from The Denver Post, reports that homes near light-rail lines often increase more in value than those that don't. Over the past two years, homes near the southeast light-rail line have increased in value 4% on average. An analysis performed by Your Castle Real Estate also shows that the closer the home is to a station, the more its value increases. Homes within a half mile of a station gained 17.6% in value, while homes situated 1.5 to 2 miles away only gained 0.1% on average. RTD has plans for six new commuter-rail and light-rail corridors and hopes to extend three existing corridors by 2017.
http://www.denverpost.com/business/ci_10850014
http://www.denverpost.com/business/ci_10850014
Dallas is expanding its light rail system. We do not have statistics to support property values close to the stations yet. Thanks for your info. 17.6% is a great increase in value!