Posts tagged walkable homes

Walkability – More than a Fad

“For the typical metropolitan area, each additional point of Walk Score was associated with a $700- to $3,000- increase in home values, after controlling for other observable factors. To give you an idea of what kind of difference that makes in the marketplace, we looked at the difference in home values between a typical house that had the 50th percentile Walk Score, compared to an otherwise identical house that had the 75th percentile Walk Score. Going from the average level of walkability to the 75th percentile raised the value of the median house by between $4,000 and about $34,000, depending on the market.”

…Even more on walkability from the New York Times : REAL estate agents often chant the mantra “location, location, location,” which essentially means “find a home in a well-kept neighborhood with good schools and a low crime rate.”

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