House buyers look at broadband – need lower prices without it

Telecompetitor reports on the results of a recent Fiber to the Home Council survey…

More than 90% (91%) of respondents said quality broadband was “very important” in choosing a community in which to live — second only to “safe streets,” which was cited by 98% of respondents.

They also mention another, similar survey with similar results…

FTTH is also seen as adding value to homes and real estate. Again, access to very high speed and reliable broadband (88%) ranked second, this time following laundry rooms, among amenities seen as increasing the value of single-family residences and first (81%) in terms of multi-family housing.

How much lower in price would a single-family home or condo unit without very fast and reliable broadband need to be to entice respondents to move in? According to FTTH Council’s findings, a discount of $8,528, or 2.8%, for a $300,000 MDU condo and $80, or 8.0% of a $1,000 a month MDU condo rental. The corresponding discount to purchase a $300,000 single-family residence was $9,734, or 3.2%.

This entry was posted in economic development, Research by Ann Treacy. Bookmark the permalink.

About Ann Treacy

Librarian who follows rural broadband in MN and good uses of new technology (blandinonbroadband.org), hosts a radio show on MN music (mostlyminnesota.com), supports people experiencing homelessness in Minnesota (elimstrongtowershelters.org) and helps with social justice issues through Women’s March MN.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s