According to analysis from American real estate search firm, Trulia, a home’s address suffix can mean a 36 per cent difference in asking price.
Trulia used its home for sale database to analyze the price per square foot for homes with different address suffixes. They limited their analysis to address suffixes that currently have at least 10,000 homes for sale. They found that homes on “boulevard” are the most expensive ($177) while homes on “street” are the cheapest ($86).
That means there is a 36 per cent difference between living on a street and living on a boulevard.
Why does the suffix matter? “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% of homes on “boulevards” are in multi-unit buildings, such as apartments and condos,” notes Trulia.
And, while “Boulevard” may be the most expensive suffix, it only shares 2 per cent of total listings. 22 per cent of listings are located on a “drive”.
Check out the cool chart from Trulia below: