Housing Vales Near Transit Study Results
As the St. Louis region explores Bus Rapid Transit (BRT) in the Northside-Southside corridor, Citizens for Modern Transit (CMT), in partnership with St. Louis REALTORS® and AARP St. Louis, commissioned a study on transit’s impact on local real estate values. Findings from the Saint Louis Housing Prices Near Transit Study [https://cmt-stl.org/wp-content/uploads/2026/05/St-Louis-Housing-Near-Transit-Report_2026.pdf] were shared during CMT’s virtual “Talking Transit” event on May 20, drawing dozens of transit advocates, elected officials, real estate professionals, stakeholders and riders interested in how transit access affects property values — and what it could mean for a large-scale BRT investment.
Those in attendance heard from representatives of the Center for Neighborhood Technology, who outlined the methodology and key conclusions of the research examining the relationship between home prices and transit service frequency.
The findings showed that residential properties near higher frequency transit routes in the City of St. Louis experienced significantly stronger price appreciation than those located near less frequent service. Across the city, median home sale prices increased 50% over the six years between 2012 and 2018 and 65% over the 12 years between 2012 and 2024, with the highest gains occurring near the most frequent transit routes. Homes near the city’s most frequent bus route saw price increases of 144% over six years and 167% over 12 years, far outpacing gains for homes located farther from high-frequency service. Properties located near routes with 21–30-minute service experienced stronger appreciation than those near routes with longer wait times, reinforcing the importance of reliable, frequent transit. Overall, the data shows that transit—particularly high-frequency service — and investment in transit function as a valuable neighborhood amenity and contributes to increased property values.
The study also draws on national BRT case studies, which show similar trends in cities across the country, where properties located near BRT routes consistently outperform those farther from transit access.
Following the presentation, representatives from the Center for Neighborhood Technology, St. Louis REALTORS® and the City of St. Louis shared perspectives on how transit-oriented development and future investments could further enhance property values and economic vitality across the region. The session concluded with a Q&A discussion with attendees.
“Public transit delivers value far beyond the ride,” said Kimberly Cella, CEO of CMT. “It plays a meaningful role in strengthening neighborhoods and supporting long-term economic growth. These findings underscore the opportunity to leverage high-frequency transit investments, including potential Bus Rapid Transit, to drive positive change in St. Louis communities.”
Chief Advocacy Officer and Director of Commercial Services for St. Louis REALTORS® Charlie Hinderliter added, “For REALTORS®, this study reinforces something we increasingly see in today’s marketplace: people value connectivity, convenience and access. High-frequency transit is more than a transportation asset — it is an economic development tool that can strengthen neighborhoods, support housing demand, drive long-term property value growth and help create stronger, more connected communities. If St. Louis wants to compete for residents, talent and investment, we have to think about how transportation, housing and economic development work together.”
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