Bubble Wrap

A route to higher home values

Using data from Jeffrey Otteau, The Bergen Record reports on the effects of housing values in New Jersey and its proximity to a rail link.

Those increased values were even more evident in a slow market. This year Otteau revisited that survey, in central New Jersey, and found that homes within walking distance had values 10 percent higher than their counterparts’. Otteau said the findings would “certainly” hold true for Bergen County rail towns.

“This is true in the northern half of New Jersey,” he said. “The closer you get to Manhattan, the greater the effect.”