Want to live close to the court action of your favorite NBA team? You’d better be prepared to pay higher rents then, according to a new study from RENTCafé.
The study found that rents could be 24 percent higher within two miles of NBA arenas.
While Philadelphia 76ers fans can nab a rental for basically the same price as the city average, New York Knicks and Brooklyn Nets devotees can expect an increase of 5 percent and 7 percent to live near Madison Square Garden and the Barclays Center, respectively. Boston Celtics lovers should anticipate a 9 percent rise to be a neighbor of TD Garden.
The most expensive NBA arena to live near is the Toyota Center, home of the Houston Rockets. Rents are 80 percent higher than the city’s average of $1,032. The Indiana Pacers’ Bankers Life Fieldhouse came in second with a 67 percent jump, while the Oklahoma City Thunder’s home of Chesapeake Energy Arena takes third with a 64 percent increase.
For Golden State Warriors fans, though, there is actually a 26 percent drop in rents near the Oracle Arena. Neighborhood averages there are $1,841 while the average price in Oakland is $2,496.
See how the rest of the NBA arenas scored: