How much do train tracks affect property value?

our estimates indicate that a doubling of the distance from the railroad line, within a 100- meter bound [about 328 feet], increased the property price by about 10\%.” A report by Appraisal Journal (more details later) shows that smaller homes are impacted more than larger homes.

How much does a train line devalue a house?

Living next to an airport, motorway or railway line can devalue a property by up to 30 per cent.

Is it bad to buy a house near railroad tracks?

The closer a home is to train tracks, the more severe the damage can be. Homebuyers can get deals when buying home near railroad tracks where it may not affect their resale value. The closer the tracks are to the subject property, the greater the noise and the fewer chances of appreciation.

How far away from the railroad tracks were homes built?

Inside the housing area where my friend resides, some of the homes were built in the 1940’s. Their placement is a good 300 feet away from the tracks along one block. Other than the chemicals used to strip the foliage and damn near everything else from the runoff, I was wondering about something while sitting at the crossing for a train.

Is it bad to live next to a train track?

Drawbacks of Buying a Home Near a Rail Track Living next to a train line has some drawbacks, including a significant amount of noise. In addition, older homes located close to train tracks may not be able to withstand the small vibrations that occur every time a train passes by. Home values tend to be lower near train tracks as a result.

What happens if a train hits Your House?

Foundation Damage. Over time, rumbling vibration from passing trains might affect a home’s structural integrity as the earth surrounding their foundations shifts. Though not a huge problem for homes farther away, any homes close by railroad tracks may shake or shimmy whenever trains roll past.