BOSTON (TheStreet) -- You'll need a lot more than beer money to live near one of the five stadiums that Trulia.com recently found are in the most expensive neighborhoods among Major League Baseball parks.
"Many stadiums -- even those that have been rebuilt in recent years -- are in locations chosen long ago, and popular retail and restaurants have built up around them over the years," says economist Jed Kolko of Trulia (TRLA) , which recently analyzed home prices near MLB ballparks. "They're also in [downtown] neighborhoods that tend to be expensive ... in particularly expensive parts of already-expensive cities"
Trulia found that houses and condos near Big League parks list for nearly 50% more per square foot on average than homes do overall in each metro area studied.
But the site also discovered that asking prices near stadiums range widely -- from as little as $28 per square foot in the cheapest MLB neighborhood to more than $650 a square foot in the priciest one -- found, of course, among East and West Coast cities that have fancy downtown neighborhoods popular with well-heeled urban professionals.
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