Commuter Rail Service Increases Real Estate Values
If history is any indication, commuter rail service to Boston might just help your home increase in value.
As the state prepares to bring commuter rail service back to New Bedford and Fall River next month, statistics indicate an increase in property values in other communities that obtained commuter rail service in the 1990s, The Boston Globe reported February 17, 2008.
"Experience in other Massachusetts cities where commuter rail service has been restored since 1994 - Brockton, Newburyport, and Worcester - demonstrates that train service to the Hub can be a big shot in the arm economically. In all three cities, since the year commuter train service returned, real estate values have climbed faster than state and county averages by most measures, in some cases much faster."
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