The impact of a new freeway in the neighborhood

1 Reply

For those of you who live or invest in the metro Phoenix area, you may be familiar with the loop 202 extension. I'm curious to hear how those of you who own properties near new freeways have had your property values affected, good and bad. I own a SFH in Laveen which, is going to be a mile east of where the extension will be. Personally, I'm happy about it as that area requires long surface street driving to get to the nearest major freeway. The area grew significantly over the past decade as it is. I'm certain those whose house will back to the freeway, may be be subject to the construction noise, or have the character of their home altered may take a hit, but curious how beneficial it is for those who have experienced a situation like this. Thanks!

Originally posted by @Rodney Sums :

For those of you who live or invest in the metro Phoenix area, you may be familiar with the loop 202 extension. I'm curious to hear how those of you who own properties near new freeways have had your property values affected, good and bad. I own a SFH in Laveen which, is going to be a mile east of where the extension will be. Personally, I'm happy about it as that area requires long surface street driving to get to the nearest major freeway. The area grew significantly over the past decade as it is. I'm certain those whose house will back to the freeway, may be be subject to the construction noise, or have the character of their home altered may take a hit, but curious how beneficial it is for those who have experienced a situation like this. Thanks!

 Long term it is a good thing for real estate. During the construction phase is the right time to buy if you are a long term holder.

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