Walking the Walk: How Walkability Raises Housing Values in U.S. Cities

Via Docuticker.

Walking the Walk: How Walkability Raises Housing Values in U.S. Cities
Source: CEOs for Cities

Though housing values are still slow to rebound from the collapse of the real estate market, a new analysis from CEOs for Cities reveals that homes in more walkable neighborhoods are worth more than similar homes in less-walkable neighborhoods, pointing to a bright spot in the residential real estate market.

The report, “Walking the Walk: How Walkability Raises Housing Values in U.S. Cities” by Joseph Cortright, analyzed data from 94,000 real estate transactions in 15 major markets provided by ZipRealty and found that in 13 of the 15 markets, higher levels of walkability, as measured by Walk Score, were directly linked to higher home values.

+ Summary (PDF; 1.4 MB)
+ Full Report (PDF; 374 KB)

About Laura B.

Laura L. Barnes is a librarian at the Prairie Research Institute Library, embedded at the Illinois Sustainable Technology Center, and writes for Environmental News Bits.
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