Americans Will Pay More to Live Near Transit

Daily Real Estate News

Date: Tuesday, July 19, 2016

Fifty-five percent of Americans say they are willing to pay more for their mortgage or rent in order to get to work and recreational activities without having to use a car, a new study of transit-oriented developments by the HNTB Corp revealed.

Millennials, in particular, show much more willingness to pay more each month than older Americans – 70 percent versus 49 percent.

Nearly three in four Americans – or 73 percent – say they would support changes in land use and zoning regulations in their community to encourage more transit development.Fifty-one percent of Americans agree the availability of good public transportation increases their interest in moving to and living in a particular area (again, with millennials the most likely to report this), the survey showed.


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Source: Daily Real Estate News


Posted In: Communities, Planning, Transportation

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