Super Bowl Appearances vs. Real Estate Prices

What do New York, San Francisco, Miami, and Washington, D.C. all have in common? These three cities all have residential real estate values that are much higher than the national median home value and, coincidentally, host NFL teams that have been to the Super Bowl many times.

Consider San Francisco. With a median home price of $751,600, it has some of the highest real estate prices in the country. “The City by the Bay” also hosts one of the NFL’s most dominant teams, the 49ers, that has been to the Super Bowl a whopping five times.

San Francisco’s real estate prices and the 49ers’ ability to make it to the Super Bowl are indicative of a greater trend. The ten NFL teams that have been to the Super Bowl the most have an average median home price of $339,800. This value indicates that homes in these cities are more than 50 percent more expensive than they are in the U.S. as a whole, as the national median home value is $216,700.

The opposite is also true; the ten NFL teams that have been to the Super Bowl the least have an average median home price of $212,450. This means that the worst NFL teams (in terms of Super Bowl appearances) come from cities with real estate prices lower than both the average of the best NFL teams’ cities’ median home prices and the national median home price.

Does this mean that there is a correlation between an NFL team’s ability to make it to the Super Bowl and the home prices in the city they come from? Probably not.

There are three highly significant exceptions to this trend. The Green Bay Packers, Pittsburgh Steelers, and Dallas Cowboys are arguably the NFL’s most renowned teams and have been to the Super Bowl a combined 21 times – eight times apiece for the Steelers and Cowboys and five times for the Cowboys. However, these teams come from cities with relatively low real estate prices; $135,600 for Dallas real estate, $129,800 for Green Bay, and a shockingly low value of $92,500 for Pittsburgh.

This year’s Super Bowl also provides evidence that there is no correlation between Super Bowl appearances and real estate prices. While the existence of this correlation would support the presence of the 49ers at the big game, it would not be able to explain how the Ravens made it there. Baltimore’s real estate prices are relatively low when compared to other large East Coast cities; it has a median home price of $168,400. If real estate prices really did determine what NFL teams make it to the Super Bowl, a team like the Patriots would have played against the 49ers.

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