On Sunday, the Atlanta Falcons will play the vaunted New England Patriots in Houston, Texas for NFL championship, the Super Bowl.
Historically, a team going to the big game doesn’t affect the home values in the city from which they hail. It would be ridiculous to make that assumption based on a single game in a single year.
However, looking at home values for cities that won multiple NFL titles is a bit more telling.
The Atlanta Falcons are a young team, playing in just their second Super Bowl in the team’s history. They have their quarterback in Matt Ryan, they have one of the best receivers in the game in Julio Jones and, per team owner Arthur Blank, they have created a culture of winning, where trips to championships will be a regular occurrence.
According to data compiled MarketLeader, cities with repeated trips to the Super Bowl generally have home values higher than the national average of $188,900. The exceptions happen to be the teams that have played in the most championships; the Pittsburg Steelers and the Dallas Cowboys.
| Team | ||
|---|---|---|
| STEELERS, PITTSBURGH | ||
| COWBOYS, DALLAS | ||
| PATRIOTS, BOSTON | ||
| BRONCOS, DENVER | ||
| 49ERS, SAN FRANCISCO | ||
| PACKERS, GREEN BAY | ||
| GIANTS, NEW YORK | ||
| REDSKINS, WASHINGTON, D.C. | ||
| RAIDERS, OAKLAND | ||
| DOLPHINS, MIAMI |
Coincidence? Perhaps. But the city of Atlanta and the Falcons have a bit more say in the matter.
The Falcons choose to remain in downtown Atlanta and are building it’s Mercedes-Benz Stadium, which will be unlike anything else. The $1.5 billion stadium can accommodate up to 83,000 people, will feature a state-of-the-art circular video display board and a have retractable roof, which opens like a camera lens.
The city is building a 100-foot long pedestrian bridge over Northside Drive that will connect the venue to the Vine City neighborhood. Blank’s foundation has committed $25 million to enhance and improve that neighborhood and the westside of Atlanta.
There is also an effort being led by the city of Atlanta and the Trust for Public Land to build the 9-acre Cook Park with dramatic water features in the heart of Vine City.
It’s no surprise, then, the real estate web site Redfin has named two of the neighborhoods nearby among the Hottest Neighborhoods in the country for 2017. These are Adair Park and West End/Westview. Both benefit from being located near downtown, are pedestrian and bicycle friendly and, with home prices averaging $130,000 are a bargain, especially given everything that is happening.
Regardless of the outcome Sunday, we can take comfort knowing from the team to the stadium to the fans and the neighborhoods, this is just the beginning for the city and for the Birds.
Rise Up!
