A study shows that demand for compact housing near transit is likely to more than double by 2025. That means you should buy now if you want to benefit from the rise in value your property will enjoy.
Hidden in Plain Sight: Capturing the Demand for Housing Near Transit estimates that more than 14.6 million households will rent and buy housing near transit by 2025, double the number that live in these neighborhoods today. That requires 2,100 new residential units near each of the 3,971 stations in the study. Sure beats seeing another farm or hiking spot go by the wayside, and if done right, see some pretty cool new neighborhoods instead.
The study was sponsored by Reconnecting America’s Center for Transit-Oriented Development” and conducted by the Federal Transit Administration.