Map Housing & Transportation Costs for Your Area

By
Real Estate Agent with Gentry Realty

housing affordability

It's the modern home buyer quandry:

Do I want to pay more for the home to live closer work/school?

or

Do I want to pay less to live further away?

Lately I'm performing the following searches:

  • Homes close to work/school (usually re-sale)
  • Homes further away at bargain value pricing (often new homes)
  • We look at each and calculate cost and time savings vs. expenses and time lost.

Each buyer is different- some will want to buy as much house as possible while others want less time on the road.

Wouldn't it be great to see a visual representation of home affordability vs. transportation costs?

The Center for Neighborhood Technology thinks so.

They've developed the Housing + Transportation Affordability Index.

This allows you to see each component separately or together.

Give it a try. 

-------

Chuck Willman is a real estate agent and founder of USAvest... a nationwide network of investment mined individuals with and interest in real estate. 

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Show All Comments
Anonymous
Anonymous
Anonymous
Great tool, and more important every day.  I paid $4.05 per gallon today!
Apr 28, 2008 05:58 PM #1
Rainmaker
261,733
Chuck Willman
Gentry Realty - Mesa, AZ
Realtor - Arizona - 480.292.0600
I noticed I was paying more than I've paid for a taxi not so long ago... maybe I should be chauffeured?
Apr 28, 2008 06:37 PM #2
Rainmaker
203,292
Mike Jackson
Bradley Real Estate - San Rafael, CA
Realtor - Certified Distressed Property Expert
I fell under the category of buy more of a home and commute, and I can tell you for me that does not work.
Apr 28, 2008 06:47 PM #3
Ambassador
1,900,024
Nestor & Katerina Gasset
International Properties and Investments LLC - Wellington, FL
Realtors, Wellington Florida Homes For Sale
Chuck-Congrats on your gold star You have been getting some of those lately! Good for you. This is one that needs to get bookmarked! Thanks! 
Apr 28, 2008 07:23 PM #4
Rainmaker
261,733
Chuck Willman
Gentry Realty - Mesa, AZ
Realtor - Arizona - 480.292.0600
Mike- with fuel prices rising, I'm guessing probably less each day? The silver lining in this is the hope of a larger equity run-up when housing improves. The other option being finding work closer to home... which can happen more easily where the population increases also attract jobs.
Apr 28, 2008 07:23 PM #5
Rainmaker
261,733
Chuck Willman
Gentry Realty - Mesa, AZ
Realtor - Arizona - 480.292.0600
Katerina- I'm as surprised as anybody more surprised than everybody about this. :-)
Apr 28, 2008 07:25 PM #6
Ambassador
802,035
Russ Ravary
Keller Williams Commerce - Commerce, MI
Metro Detroit homes - Michigan Real estate & Mortg
Thanks for another great site.  I need another 24 hours in a day to be able to use all this stuff
Apr 28, 2008 09:46 PM #7
Ambassador
883,569
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy
I've been spreadsheeting fuel costs and time )opportunity) costs for living farther from work for my clients for a couple of years.  You are right that the compromises are different for different people.  Luckily, here in the Atlanta area, companies and jobs are everywhere, so there isn't one hub... there are about 4 major ones and several more secondary hub areas. 
Apr 28, 2008 09:56 PM #8
Rainmaker
250,559
Kent Simpson
Tierra Antigua Realty - Downtown - Tucson, AZ
Real Estate Is About People
Congratulations on being featured, Chuck!  Are more metros going to be added to these sites soon?  I like the info, just would like to see more places to be able to use as comparisons.  Thanks for the good stuff.
Apr 28, 2008 10:17 PM #9
Rainmaker
261,532
Wayne B. Pruner
Oregon First - Tigard, OR
Tigard Oregon Homes for Sale, Realtor, GRI
Interesting website Chuck. Thanks for the tip. I'll use it for my area.
Apr 28, 2008 10:49 PM #10
Rainmaker
261,733
Chuck Willman
Gentry Realty - Mesa, AZ
Realtor - Arizona - 480.292.0600

Russ- maybe during the long commute? :-)

Lane- Me too... although we do have definite zones we also have a few far flung cities that have great home prices and great distances... it's best to try to find the happy medium.

Kent- I would guess that they'll add more metros... a suggestion at the site may be all it would take.

Wayne- Hope you find it useful. 

Apr 29, 2008 12:40 AM #11
Rainmaker
652,646
Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes
Thanks for the resource. It has some good data. All the best.
Apr 29, 2008 12:50 AM #12
Rainmaker
261,733
Chuck Willman
Gentry Realty - Mesa, AZ
Realtor - Arizona - 480.292.0600
Bob & Carolin- thanks for popping by... did you notice the correlation (in our valley) between living closer to major transit routes and affordability?
Apr 29, 2008 01:04 AM #13
Rainmaker
259,789
Mara Hawks
First Realty Auburn - Auburn, AL
Inactive-2012 REALTOR - Homes for Sale Auburn Real Estate, AL
This is a wonderful tool. I tried it out for my area, but "no data available" :-(. I guess tool-less is being better than tooth-less in Alabama hahaha :-)  You share so much info and it is appreciated!
Apr 29, 2008 07:37 AM #14
Rainmaker
261,733
Chuck Willman
Gentry Realty - Mesa, AZ
Realtor - Arizona - 480.292.0600
Mara- you're so funny. :-)
Apr 29, 2008 11:39 AM #15
Rainmaker
144,407
Gilbert Arizona Real Estate - REALTORĀ® Candace Robinson Broker Associate
Red Hawk Realty & Property Management - Mesa, AZ
Red Hawk Realty & Property Management
Chuck - I actually did commute to Phoenix Sky Harbor for many years from the east valley and it's so not my bag! However with that said, I like the dollar per square foot that the far east valley offers on homes. I am thinking if I can stay pretty mobile with a decent mobile office, I can take advantage of some of the great deals out east! But that drive.....oh let me think about this again. Nice tool you have shared.  Nice Gold Star my friend!
Apr 30, 2008 02:06 AM #16
Rainer
122,017
Christy Powers
Keller Williams Coastal Area Partners - Pooler, GA
Pooler, Savannah Real Estate Agent
I think the higher the gas gets, the more it will seem like the better deal to live closer! Especially if they figure out how much money they'll be saving in gas! 
Apr 30, 2008 08:34 AM #17
Show All Comments
Rainmaker
261,733

Chuck Willman

Realtor - Arizona - 480.292.0600
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