Our hometown Colorado Rockies may be near the bottom of the pile for Major League Baseball team valuations, but real estate around Coors Field tends to carry values 33 percent higher than the rest of the metro area, according to a new report from real estate company Trulia.
Ahead of opening day, which for the Rockies falls on April 2, Truila compiled a report detailing which stadiums around the country were surrounded by the most expensive real estate relative to homes in the rest of the metro area. Homes within a one-mile radius were counted as "near the stadium."
In Denver, homes near Coors Field have a median home value of $439,351, according to Trulia's data, while the rest of the metro area carries a median value of $329,568. The 33 percent premium on homes within a mile of of Coors Field is the seventh-highest of all markets surveyed by Trulia, which is a subsidiary of The Zillow Group Inc., a Seattle-based company.
Read more at the Denver Business Journal: http://bit.ly/1VTGumd
(© 2016 American City Business Journals. All rights reserved.)