Politics & Government
SEPTA Regional Rail Stops Increase Property Values, Study Says
The transit agency is lobbying the state legislature for more funding.
A study from Econsult Solutions for SEPTA has concluded that homes near SEPTA Regional Rail stations enjoy a bump in property values.
The firm, analyzing 2005-2012 home sales throughout Montgomery, Delaware, Chester and Bucks counties, found an average premium of $7,900 per property. Homeowners near high-traffic stations saw even bigger boosts, averaging more than $30,000, according to the study.
The Philadelphia Inquirer reported the Econsult study—which can be read in full here—cost SEPTA about $5,000 plus "data and in-kind services".
What do you consider are the pros and cons of living near a SEPTA station? Please tell us in the comments section below.
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