The last Green Line Extension station expected to be completed is College Avenue in Medford. Assuming MBTA plans don’t hit a standstill and the College Avenue T stop is completed by 2020, Tufts University, with a student population of more than 10,000, would effectively become the GLX terminus.

BostInno reported earlier on the effects the GLX is having on Somerville’s housing market. Though Somerville is currently the most dense city in New England, Davis Square, on the Red Line, is the only subway station located within the 4.2 square-mile city; however, the prospect of five additional Green Line stations has caused the median home value, median list price, and median sale price all to skyrocket.

June 2012 – June 2014 Somerville Housing Market:
Median home value (MHV) increase: $367,000 to $470,000
Median list price (MLP) increase: $389,000 to $485,000
Median sale price (MSP) increase: $404,000-$460,000

The neighboring city of Medford, with a population of 57,000, across 8.6 square-miles, has not seen its housing market boom like Somerville. But a College Avenue T stop by 2020, along with another West Medford rapid transit station along the proposed Indigo Line, could eventually spur similar results.

According to Zillow, Medford MHV, MLP, and MSP between June 2012 and June 2014 have all increased.

June 2012 – June 2014 Medford Housing Market:
Median home value increase: $344,000-$420,000
Median list price increase: $339,000-$399,000
Median sale price increase: $334,000-$395,000

Though Zillow projects the median home value in both cities to rise over the next year, Medford is expected to remain the more affordable option for home buyers. With prices soaring through the roof in Somerville, perhaps it may be wise to spring for cheaper digs in Medford, while prices still remain less steep.

Screenshots via the MBTA/City of Medford