Regional Data for Major Markets

The data underlying the TOD Index can also be evaluated to understand regional trends over time. Here, home values and rental prices of TOD station areas for six major metro areas (Boston, Chicago, Los Angeles, New York, San Francisco, and Washington, DC) are tracked, relative to national and regional averages. Home values for TOD areas in all six of these metro areas have consistently exceeded national, as well as regional averages, with growth rates often notably outpacing regional averages both prior to and during recovery from the great recession.

For rental prices (for multi-family housing with five or more units), data has gradually become more available since 2010, with at least partial data available for each of these six metro areas beginning in September, 2011. Due to this more limited dataset, greater volatility may be seen in these figures over time, however, here too, median rental prices per square foot within TODs in major markets are on average more than double the national average, with TOD-area prices consistently exceeding regional averages. Please see below for highlights of the current data from each region:

Major Market Summary:
  • The Average Home Value in TOD zip codes across the major markets of Boston, Chicago, Los Angeles, New York, San Francisco and Washington, D.C. was $649 per SF as of July 2017
  • The Average Rental Price in TOD zip codes across the major markets of Boston, Chicago, Los Angeles, New York, San Francisco and Washington, D.C. was $3.63 per SF as of July 2017
 market data market data
Boston: 
  • Home Values in TOD zip codes averaged $743 per SF compared to the average for the region at $263 per SF as of July 2017
  • Rental Prices in TOD zip codes averaged $3.29 per SF compared to the average for the region at $2.63 per SF as of July 2017
boston market data boston market data
Chicago:
  • Home Values in TOD zip codes averaged $259 per SF compared to the average for the region at $141 per SF as of July 2017
  • Rental Prices in TOD zip codes averaged $1.97 per SF compared to the average for the region at $1.77 per SF as of July 2017
Chicago market data Chicago market data
Los Angeles:
  • Home Values in TOD zip codes averaged $532 per SF compared to the average for the region at $404 per SF as of July 2017
  • Rental Prices in TOD zip codes averaged $2.77 per SF compared to the average for the region at $2.50 per SF as of July 2017
Los Angeles market data Los Angeles market data
New York:
  • Home Values in TOD zip codes averaged $779 per SF compared to the average for the region at $252 per SF as of July 2017
  • Rental Prices in TOD zip codes averaged $4.03 per SF compared to the average for TOD rents in all major market zip codes at $3.63 per SF as of July 2017
New York market data New York market data
San Francisco:
  • Home Values in TOD zip codes averaged $1,034 per SF compared to the average for the region at $554 per SF as of July 2017
  • Rental Prices in TOD zip codes averaged $4.70 per SF compared to the average for the region at $3.41 per SF as of July 2017
san fransico market data san fransico market data
Washington, D.C.:
  • Home Values in TOD zip codes averaged $547 per SF compared to the average for the region at $233 per SF as of July 2017
  • Rental Prices in TOD zip codes averaged $3.13 per SF compared to the average for the region at $2.03 per SF as of July 2017
Washington, D.C. market data Washington, D.C. market data