7 Location-Based Factors That Determine Home Values
School District Quality: Top-rated schools can increase property values by 15-25% compared to average districts.
Transportation Access: Proximity to major highways, public transit, and airports significantly impacts desirability and pricing.
Neighborhood Safety: Crime statistics and community safety measures directly correlate with property demand and values.
Local Amenities: Shopping centers, restaurants, parks, and recreational facilities enhance neighborhood appeal.
Future Development Plans: Planned infrastructure improvements or commercial developments can boost long-term property values.
Natural Features: Waterfront properties, mountain views, or proximity to green spaces command premium prices.
Urban vs. Suburban Trends: Shifting preferences between city living and suburban lifestyle affect regional pricing patterns.