Friday, March 29, 2013

Why KC realtors aren't singing 'Take Me Out to the Ballgame'

Posted By on Fri, Mar 29, 2013 at 8:07 AM

Its cheap to live near the K.
  • It's cheap to live near the K.
You might have a valid complaint about beer prices at Kauffman Stadium, but when it comes to housing prices around the ballpark, you're looking at a bargain. Trulia chief economist Jed Kolko reports that Kansas City has the country's cheapest housing in the neighborhood around its baseball stadium.

Kansas Citians who live within an approximate two-mile radius of the stadium pay only $28 per square foot. San Francisco, where housing around its downtown ballpark checks in at $653 per square foot, tops the list. In what could be difficult news for fans, Trulia believes that Detroit represents one of the best bargains for those who want to live near a potential winner, based on a comparison of that team's odds to win the World Series (around 9 percent) and the adjacent home prices of $110 per square foot.

Last July, the city of Kansas City was criticized for its beautification efforts, including an accelerated demolition schedule, in the area around and on the way to Kauffman Stadium as part of the preparations for the Major League Baseball All-Star Game. Time will tell if the city's efforts raised the adjacent property values, but KC still has a long way to go before property becomes as expensive as the second-cheapest city on the list. A house near the Atlanta Braves will still run you twice as much as Kansas City at $64 per square foot.

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