A Philadelphia study found that proximity to a rail station increased the value of suburban houses by an average 6.4 percent. The more frequent the transit service, the greater the positive impact on property values.

Real estate professionals consulted in a recent Calgary study indicated they expected homes in the vicinity of LRT to appreciate faster in value than those in areas with less effective transit service. No adverse affects to the value of property located in the vicinity of LRT were found.

In Portland, proximity to rapid transit stations was noted to generate a 7-10% increase in house unit pricing. Stations attracted housing and business development. Office and retail rents tended to be higher as well within a radius of 4/10 to 1 1/2 miles. The rail-based housing market was found to support upscale multi-family dwellings or higher density single-family units.

Sources:
APTA;
City of Calgary Corporate Properties Group;
Hillsboro LRT Station Area Development Study.