Does Living Near Where a Movie was Filmed Make a Home More Valuable?

For some people who live in an area where a famous film was produced, it can be a source of pride. In some areas, it is so much so that the community may display several artifacts and pictures from the movie to show that it is indeed the place where the movie was created. But can living near where a famous movie was made increase the value of your home?Does Living Near Where a Movie was Filmed Make a Home More Valuable?

A company called Uswitch.com recently conducted an analysis that explored the effects of a cinematically famous home or town and its impact on the area. The researchers conducting the analysis use real estate and location filming data to determine whether the use of filming a television show or film in a certain area had a positive effect on the surrounding property values.

Here are some of the main observations from this analysis

Never underestimate the appeal of California-style living.

This interesting analysis found that of all the films and shows they surveyed and analyzed, Mrs. Doubtfire had the highest effect on nearby property value. Properties around where Mrs. Doubtfire was filmed had an increase of 253%. Of course, this location is in San Francisco which has seen exponential real estate increases since the 90s. The company that conducted the research did note that there’s a more pronounced increase in the properties around the filming site though. The second most impactful film they found was Father of the Bride, which showed an increase of 243% for the property on South El Molino Ave. in Pasadena. The property used for the Fresh Prince of Belair sitcom saw an increase of 222% located on N. Bristol Ave. in Los Angeles.

The largest property increases are in the United States

The company expanded their research outside of the country as well but found that nearly all of the locations that saw an increase of over 200% since filming are in the United States with the exception of the film Bohemian Rhapsody.

New York City saw significant property gains around filming sites

Popular television shows and films that are produced in New York City also saw very large gains, such as the homes in the area where Sex and the City was filmed which saw property value increases of 221%. Properties around where the movie Stepmom was filmed caused real estate to go up by 133% and properties around where Breakfast at Tiffany’s was filmed saw an increase of 142%.

Even a scary movie can increase property value

The properties around where American Horror Story: Murder House was filmed all had positive value increases in its real-life location. Some viewers of this less-than-upbeat story found the home styles appealing and stylish. 

Even in Park City Utah - Halloween 4, Hereditary, Halloween: the Curse of Michael Myers have been on the horror movie sets.

But that's not all. Park City has been the site for the current cult-following show, Yellowstone. Other films set or filmed in Park City include Wind River, Dumb and Dumber, Everwood, The Sandlot,  and several Hallmark Christmas movies!

So does the home value increase if you live in a location where a popular television show or movie took place? It could really depend on how old and how famous the production that was filmed near your home is. But according to this quirky research that was conducted by Uswitch, it seems to have had a very positive impact on many properties.

Want to live near where famous scenes were filmed? Give us a call! We have the inside scoop. Contact us below for more information.

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$2,099,000
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4
Beds
2F11/2
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2,609
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1994
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1
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Finding a charming 4 bed 3 bath home in Park City is almost possible! Ideally located on a sleepy street within walking distance to Parley's Elementary and willow creek park. The property sits...
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3492 E Westview Trl Park City, UT 84098
$4,000,000
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4
Beds
1F33/411/2
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4,866
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2006
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1
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12104675
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Close your eyes for a moment and consider what your dream home might look like. If what you are imagining has amazing views of world-class ski resorts, sunsets to rival any you have ever seen, and...
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3041 Oak Rim Ln Park City, UT 84060
$2,500,000
Subdivision: Ridgeview
5
Beds
1F23/4
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4,255
Sq.Ft.
1981
Year Built
1
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Located on a quiet Cul-de-sac off the main roads. The location is incredibly walkable and is minutes from downtown. Round Valley Hiking & Mt Biking Trail System and Mcleod Creek Trail are nearby. The...
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30 Eagle Landing Ct Park City, UT 84060
$8,400,000
Subdivision: Eagle Pointe
5
Beds
2F13/431/2
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8,446
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2004
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1
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Welcome to your Forever Home! Superbly sited at the end of a coveted cul-de-sac, 30 Eagle Landing Court is a marvel! Stroll over the majestic water feature through the dramatic front door and foyer......
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6598 Painted Valley Pass Park City, UT 84098
$3,675,000
Subdivision: Painted Shores
5
Beds
4F11/2
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4,840
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2022
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2
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This 5-bedroom Wyeth has it all! Enjoy beautiful views of the Nicklaus signature course, walk to the fantastic Beach Club House, The Nicklaus Club House featuring its own fitness studio, and the...
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7560 N West Hills Trail Park City, UT 84098
$5,350,000
Subdivision: West Hills
5
Beds
4F21/2
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6,880
Sq.Ft.
2022
Year Built
2
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12101863
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Built by the premier custom home builder in Park City, developer Keller Luxury Homes. You will be impressed with the quality and finish detail that Keller Luxury Homes is known for. Situated on .77...
$2,300,000
Subdivision: Meadow Wild
5
Beds
4F13/4
Baths
3,162
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1989
Year Built
2
Days on Site
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This is truly a rare opportunity to purchase a home in the prized community of Silver Springs. This four-bedroom three-bathroom home has an attached one-bedroom mother-in-law apartment w/two...
$4,250,000
Subdivision: Northgate Canyon
5
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2F23/4
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4,763
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2015
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2
Days on Site
12104665
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Rarely do you find this level of functionality, design, privacy, and quality of construction in one serene setting within this world class guard gated community of Promontory! Perfectly positioned to...
Pending
4924 N Silver Springs Rd Park City, UT 84098
$2,295,000
Subdivision: Silver Springs
4
Beds
3
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2,764
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1980
Year Built
6
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12104647
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A great opportunity for family living in the desirable Silver Springs neighborhood, move-in ready. Great open concept plan, plenty of natural light, two decks and large patio. A great room with...
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7093 Pinecrest Dr Park City, UT 84098
$2,350,000
Subdivision: Ecker Hill
6
Beds
5F11/2
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6,753
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1991
Year Built
7
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12104644
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This amazing home is in a unique location secluded in the trees with beautiful wooded and mountain views in an Upper Pinebrook cul-de-sac. The home has stunning architectural details throughout...
$1,095,000
Subdivision: Summit Park
4
Beds
2F11/2
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1,848
Sq.Ft.
1991
Year Built
8
Days on Site
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MLS
Located upon 0.31 wooded acres is this beautifully updated property in the mountain setting of Summit Park, Park City. Boasting a comfortable, open floorplan, views toward the Uinta Mountain Range,...
$6,400,000
Subdivision: Aspen Camp
5
Beds
3F23/421/2
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7,456
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2016
Year Built
8
Days on Site
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This stunning, custom, 5 bedroom plus separate office Promontory home is an entertainer's and family dream! Situated on 1.12 acres, the home offers a bright and open floor plan featuring views of the...

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