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

I have a Master’s Degree in Library and Information Science. I have been interested or involved in providing access to information through the Internet since 1994, when I worked for Minnesota’s first Internet service provider. I am pleased to be a part of the Blandin on Broadband Team. I also work with MN Coalition on Government Information, Minnesota Rural Partners, and the American Society for Information Science and Technology.

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