How NFL Stadiums Affect Home Values

What's Hot

How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Protecting Trump Will Cost Taxpayers $35 MillionFamily

Tax Hacks 2017: Don’t Miss These 16 Often-Overlooked Tax BreaksTaxes

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

10 Simple Money Moves to Make Before the New YearFamily

Trulia analyzed how an NFL stadium impacts the values of homes within a 2-mile radius. Find out what researchers learned.

The stock market may not be the only market that National Football League stadiums affect.

An analysis found in September that home-game wins and losses increase and decrease, respectively, the stock returns of companies that sponsor NFL team stadiums.

Now, new research from real estate website Trulia suggests some “strong relationships” between NFL stadiums and the values of surrounding homes.

Trulia analyzed how being located within 2 miles of a stadium affected a home’s value. Trulia clearly states that its research did not find a conclusive link between the presence of a stadium and higher or lower values in nearby homes.

Instead, the determining factor in home values is the neighborhood surrounding the stadium rather than the stadium itself, Trulia says. The real estate website concludes:

Neighborhoods around National Football League stadiums tend to have homes that are more expensive both in sales and rental value, but new stadiums built in the last decade, by and large, have failed to lift the fortunes of homes in nearby areas.

In other words, owning a home near a stadium is nice, but if they build one down the street, don’t get your hopes up.

Nevertheless, Trulia did find what it characterizes as some “strong relationships” between stadiums and home values. These include:

  • Of the 31 neighborhoods around the nation’s pro football stadiums, nearly two-thirds have higher housing values, on average, than houses in nonstadium neighborhoods.
  • During the last 10 years, five new pro football stadiums have opened and none, so far, has had a noticeable impact in raising home values in its immediate vicinity (a 2-mile radius).

The stadiums whose surrounding neighborhoods have the highest home values relative to regional home values are:

  1. Lincoln Financial Field, Philadelphia: Buyers should expect to pay 44.3 percent more for homes in a 2-mile radius of this stadium than they would for an average Philadelphia home.
  2. FirstEnergy Stadium, Cleveland: 31.2 percent more
  3. NRG Stadium, Houston: 28.8 percent more

The stadiums whose surrounding neighborhoods have the lowest home values relative to regional home values are:

  1. Heinz Field, Pittsburgh: Buyers should expect to pay 18 percent less for homes in a 2-mile radius of this stadium than they would for an average Pittsburgh home.
  2. CenturyLink Field, Seattle: 14.7 percent less
  3. FedExField, Landover, Maryland: 11.6 percent less

What’s your take on any association between NFL stadiums and surrounding real estate markets? Share your thoughts below or on Facebook.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 7 Simple, Free Moves Guaranteed to Make You Richer

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,767 more deals!