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Boston housing prices by ‘T’ stop (MAP)

by Emily Johnson, Taylor Johnson Public Rrelations

Boston’s Arlington Green Line station.

Proximity to public transportation is a priority for many when looking for housing, especially in urban areas. Boston is no different, and its residents pay handsomely to live near MBTA stops, according to Renthop.com.

Renthop, the apartment listing website, has compiled the average monthly rent for one-bedroom apartments near each T stop. Their findings show that living near public transportation is just as in-demand as ever: rents increased at 101 stops this year and went down at just 23 stops. Three stops saw prices remain the same from 2016 to 2017, according to Renthop. (Here are last year’s study results.)

Rents are obviously highest near the downtown area, with the Downtown Crossing, Boylston and Arlington stops being the three priciest for nearby apartments. The highest rent outside the downtown area was the Kendall/MIT Red Line stop, which averages $3,265 a month, according to Renthop.

Prices rose the most near the Maverick Blue Line, where average rent is $2,105, up 10.5 percent from last year, Renthop reports. That’s followed by the Haymarket,Green/Orange Line stops with a rent of $2,588 (up 10.1 percent) and the Butler Red Line stop at $1,915 (up 9.4 percent).

Of all the cities with robust public transportation systems, only Atlanta and Baltimore have higher average housing costs near public transportation lines. A Redfin study showed that an increase in one point of a Boston home’s “transit score” adds $3,585 to a home’s cost, the second largest increase of any city. With a median sale price in Boston of $325,000, an increase of one point on a home’s transit score equates to a 1.1 percent increase in the home’s price, according to Redfin.

Check out the average rent price by public transportation stop, courtesy of Renthop (click image to expand):

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