Somerville: The Impact of the Green Line Extension (GLX) in 2024

Somerville: The Impact of the Green Line Extension (GLX) in 2024

It's been over a year since the GLX fully opened, and the transformation of Somerville is undeniable. If you're an investor or homeowner, the 'transit premium' is real.

The GLX Effect

• Property Values: Neighborhoods like Gilman Square and Magoun Square have seen significant equity jumps now that they are 'on the T.'
• New Development: The growth in Union Square is bringing luxury condos and labs, boosting local amenities.
• Rentability: Apartments within 0.5 miles of a new stop have almost zero vacancy rates.

[[CTA]] Want to see which Somerville pockets still have room for growth? Let's review the transit maps and recent sales data.