Out of all the prerequisites that are typically on a homebuyers ‘must-have’ list, parking is almost always a big priority.
A recent study by Realtor.com recently discovered just how much people are paying for each additional parking space on average across the country, and the numbers are quite surprising. It also greatly depends on what kind of parking is being included, whether it be above ground, sheltered, built-in garage, on-street, or otherwise. Across the United States, most homes include two parking spaces, but can range anywhere upwards of that, for a premium.
The study compared single-family homes for sale between January 1 and October 31 to get a sense of the average cost for each parking spot. What’s surprising was the 11.45% price