This Day On The Street
Continue to site
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

5 Most-Expensive Neighborhoods for MLB fans

BOSTON ( TheStreet) -- You'll need a lot more than beer money to live near one of the five stadiums that 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.

In honor of next week's All-Star Game, here's a rundown of the five U.S. metro areas that Trulia found have the most-expensive housing near their respective ballparks. (The study omitted Rogers Centre, home of the Toronto Blue Jays.)

Trulia looked at all residences listed for sale on its site during the 12 months ended Feb. 28 and located within roughly two miles of a Big League stadium. Prices per square foot refer to median asking prices for all houses, condos and townhouses other than foreclosures.
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TRLA $48.36 3.14%
GOOG $698.77 0.93%
TSLA $228.83 -1.50%
YHOO $35.90 -0.31%
AAPL $94.35 -0.87%


Chart of I:DJI
DOW 17,673.04 -77.87 -0.44%
S&P 500 2,051.56 -11.81 -0.57%
NASDAQ 4,732.1470 -31.0770 -0.65%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs