Photo:/Wikipedia
Living in the busy social hub part of town can pay off big for your overall home value. That loud obnoxious music venue with the overly congested parking lot could equal out in a large payoff for you when the smoke clears.
A study released Thursday from Realtor.com and Vividseats.com found that homes within a mile of 20 outdoor concert venues around the country showed on average a nine-percent premium on price.
|
Ranking |
Venue |
Home Prices Within 1 Mile of Venue |
Home Prices in ZIP Code |
Venue vs. ZIP Code |
|
1 |
Capital City Amphitheater (Tallahassee, Fla.) |
$177,500 |
$100,000 |
78% |
|
2 |
OKC Zoo Amphitheatre (Oklahoma City) |
$49,500 |
$29,500 |
68% |
|
3 |
Greek Theatre – Los Angeles (Los Angeles) |
$2,100,000 |
$1,285,000 |
63% |
|
4 |
Investor Amphitheatre (Gainesville, Ga.) |
$199,450 |
$125,000 |
60% |
|
5 |
Cincinnati Playhouse In The Park (Cincinnati, Ohio) |
$319,750 |
$219,750 |
46% |
|
6 |
Oregon Zoo Amphitheatre (Portland, Ore.) |
$700,000 |
$494,950 |
41% |
|
7 |
The Levitt Shell (Memphis, Tenn.) |
$210,000 |
$150,500 |
40% |
|
8 |
Surly Brewing Festival Field (Minneapolis) |
$316,500 |
$232,250 |
36% |
|
9 |
Weesner Family Amphitheater at the Minnesota Zoo (Apple Valley, Minn.) |
$249,900 |
$193,500 |
29% |
|
10 |
Ravinia (Highland Park, Ill.) |
$605,000 |
$487,500 |
24% |
|
11 |
Tallahassee Pavilion (Tallahassee, Fla.) |
$120,000 |
$100,000 |
20% |
|
12 |
Sawyer Point Park (Cincinnati) |
$260,500 |
$219,750 |
19% |
|
13 |
Madera Fairgrounds (Madera, Calif.) |
$237,000 |
$205,000 |
16% |
|
14 |
Red Hat Amphitheater (Raleigh, N.C.) |
$300,500 |
$260,000 |
16% |
|
15 |
Clarke County Fairgrounds (Berryville, Va.) |
$315,000 |
$273,950 |
15% |
|
16 |
Wolf Trap Farm (Vienna, Va.) |
$882,500 |
$780,000 |
13% |
|
17 |
Ascend Amphitheater (Nashville) |
$307,000 |
$275,000 |
12% |
|
18 |
Ravina on the Lakes (Peoria, Ill.) |
$177,000 |
$160,950 |
10% |
|
19 |
Concord Pavilion (Concord, Calif.) |
$575,000 |
$525,000 |
10% |
|
20 |
Bayfront Park (Miami, Fla.) |
$392,500 |
$358,500 |
9% |