Gigabit Internet Connections Make Property Values Rise

Jason Koebler writes: When families go to buy a new home, they're most often looking for a couple things: Good schools, a safe neighborhood, maybe something that's near public transportation. And, increasingly and undeniably, access to gigabit internet service. A study by RVA LLC Market Research and Consulting found that fiber optic internet adds roughly $5,250 to the value of a $300,000 home. "It's getting to the point where, if my neighboring community has a gig and we're still doing satellite, the property value in that town is going to go up," Deb Socia, director of Next Century Cities, a coalition of cities trying to provide gigabit internet speeds to their citizens, said. "You're going to lose people and you're going to lose revenue without it. I'm hearing it from folks in different chambers of commerce, in real estate, in politics."

Comments

Kansas City - not the best market to look at

[gatkinso]

Do the study in a real housing market like DC or NYC or San Fran - then we'll see if the theory holds water.

Some backwater with a 2.7% rise in values is definitely not worth the time to even research.