Elena Elisseeva / Shutterstock.com

When it comes to home prices, not all street names are created equal.

Theoretically, if you were to buy a house on an Abbey Road, it would cost you $23 more per square foot than if you bought one on an Abbey Street.

A new study by real-estate website Trulia finds that houses on certain street-types - like "boulevard" or "place" - can cost as much as $30 more per square foot than those on more a layman "street" (tourist-meccas like Lombard Street being obvious exceptions).

For the study, Trulia culled their database of homes for sale, narrowed the search to include street names with at least 10,000 listings, and compared a house's price per square foot to the street type it's located on. After homes located on a "boulevard" ($117 per square foot), "place" takes second with $110 per square foot, followed by "road" with $109. A few street names tied: It makes no difference if you live on a "court" or a "lane" (both $101 per square foot), as well as an "avenue" or "drive" (both $96).

Chart courtesy of Trulia

The post offers some explanation for the huge price differences:

Why is "boulevard" the most expensive address suffix? Well, while the word does have a sophisticated French origin, it actually might have more to do with the mix of the homes located there. Approximately, 37 percent of homes on “boulevards” are in multi-unit buildings, such as apartments and condos. In contrast, these types of homes make up no more than 16 percent of homes on every other address suffix. A greater concentration of multi-unit buildings could drive up costs as they are often located in denser, urban areas where space is at a premium.

But Trulia also notes that these premium addresses only represent 2 percent of listings, as compared to 22 percent for houses on drives and 19 percent on streets. It's also worth noting that many major cities, like New York, Washington, D.C., or San Francisco, are set on a grid of perpendicular avenues and streets — two of the lowest-priced street names.

Top image: Elena Elisseeva / Shutterstock.com

About the Author

Most Popular

  1. Transportation

    You Can’t Design Bike-Friendly Cities Without Considering Race and Class

    Bike equity is a powerful tool for reducing inequality. Too often, cycling infrastructure is tailored only to wealthy white cyclists.

  2. Transportation

    With Trains Like Schwebebahn, No Wonder Germans Love Public Transit

    Infrastructure like this makes it clear why Germany continues to produce enthusiasm for public transit, generation after generation.

  3. Amazon HQ2

    Without Amazon HQ2, What Happens to Housing in Queens?

    The arrival of the tech company’s new headquarters was set to shake up the borough’s real estate market, driving up rents and spurring displacement. Now what?

  4. Amazon HQ2

    New York’s Ejection of Amazon Is the Start of a Movement

    NYC lawmakers who led a resistance campaign against HQ2 are declaring victory. And already, they have plans to escalate their opposition to tax incentives.

  5. a photo of high-speed rail tracks under construction in Fresno, California.
    Transportation

    Think of California High-Speed Rail as an $11 Billion Streetcar

    California Governor Gavin Newsom’s plan to complete only a Central Valley segment of the rail link risks turning the transportation project into an economic development tool.