Opening day for Major League Baseball ushers fans back into stadiums. If they live within walking distance of a ballpark, odds are their real estate is more valuable, according to Trulia.
"Urban stadiums that are very walkable do really well," said David Weidner, who authored the report for the San Francisco-based real estate company. "It helps a lot if there are developments linked to stadiums around them. A lot of these newer stadiums have residential parts to them, retail, shopping."
Trulia researchers took a snapshot at the beginning of March, looking at home values within a mile of stadiums compared with the broader metropolitan area. They found neighborhoods surrounding 18 of 29 Major League Baseball stadiums (excluding Toronto) had higher median home values compared with the averages in the cities. Overall, the areas around ballparks had home values 15 percent higher than the greater metros.