This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

5 Cheapest Neighborhoods for MLB Fans to Buy In

BOSTON ( TheStreet) -- If Take Me Out to the Ball Game basically sums up your philosophy of life, here's a look at five U.S. cities where you can buy a home near a Major League Baseball park for a minor-league price.

"It's easier to get to the game if you live in one of these neighborhoods, and you might even be able to hear the roar of the crowd from your deck," says economist Jed Kolko of Trulia.com, which analyzed home prices near MLB ballparks recently. "And even if you never go to a game, baseball fans like to go to restaurants and bars -- so there's usually lots of excitement in the neighborhood."

Trulia (TRLA) found that properties near Big League parks list for 45.6% more per square foot on average than homes do overall in each metro area studied.

But the site also discovered that home values near ballparks vary widely from city to city, with asking prices ranging from $28 per square foot in the cheapest locale to $653 a square foot in the costliest one.

"The differences reflect how huge the gaps in affordability are from market to market in the United States," Kolko says. "All five of the lowest-cost neighborhoods are in cities away from the coasts, where property tends to be less expensive. And stadiums in four of the five low-cost cities are located in less-expensive parts of their individual towns."

Click below to check out the U.S. metro areas that Trulia found offer the lowest-priced housing near their respective ballparks. (The study omitted Toronto, home of the Canada's Blue Jays.)

Trulia looked at all residences listed for sale on its site during the 12 months ended Feb. 28 and within roughly two miles of a Big League ballpark. Prices per square foot refer to median asking prices for all houses, condos and townhouses other than foreclosures.

1 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,265.99 +109.14 0.64%
S&P 500 2,011.43 +9.86 0.49%
NASDAQ 4,593.4250 +31.2360 0.68%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs