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 December, 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 $857 per SF as of September 2018
  • 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 $3.64 per SF as of September 2018
 market data market data
Boston: 
  • Home Values in TOD zip codes averaged $782 per SF compared to the average for the region at $277 per SF as of September 2018
  • Rental Prices in TOD zip codes averaged $3.48 per SF compared to the average for the region at $2.62 per SF as of September 2018
boston market data boston market data
Chicago:
  • Home Values in TOD zip codes averaged $329 per SF compared to the average for the region at $146 per SF as of September 2018
  • Rental Prices in TOD zip codes averaged $2.04 per SF compared to the average for the region at $2.03 per SF as of September 2018 (limited data available)
Chicago market data Chicago market data
Los Angeles:
  • Home Values in TOD zip codes averaged $582 per SF compared to the average for the region at $422 per SF as of September 2018
  • Rental Prices in TOD zip codes averaged $2.91 per SF compared to the average for the region at $2.63 per SF as of September 2018
Los Angeles market data Los Angeles market data
New York:
  • Home Values in TOD zip codes averaged $872 per SF compared to the average for the region at $257 per SF as of September 2018
  • Rental Prices in TOD zip codes averaged $3.66 per SF compared to the average for TOD rents in all major market zip codes at $2.68 per SF as of September 2018
New York market data New York market data
San Francisco:
  • Home Values in TOD zip codes averaged $1,131 per SF compared to the average for the region at $617 per SF as of September 2018
  • Rental Prices in TOD zip codes averaged $4.83 per SF compared to the average for the region at $3.39 per SF as of September 2018
san francisco market data san francisco market data
Washington, D.C.:
  • Home Values in TOD zip codes averaged $559 per SF compared to the average for the region at $239 per SF as of September 2018
  • Rental Prices in TOD zip codes averaged $3.18 per SF compared to the average for the region at $2.22 per SF as of September 2018
Washington, D.C. market data Washington, D.C. market data