How valued are walkable neighborhoods?

REALTOR® Magazine | Walkable mixed-use neighborhoods across the country are growing in popularity, with buyers valuing close access to entertainment areas, public transit, and job centers, all without having to rely on a car. A home’s walkability is not only increasingly important to buyers, it’s shown to be a factor in raising home values.

“One of the best sources of evidence of the value of walkability is home values,” MarketWatch reports, “and some new evidence confirms that walkability adds to home values, and also shows that walkable homes have held and increased their value more even in turbulent real estate markets.”

A neighborhood’s walkability is a big draw for potential buyers. In NAR’s Community Preference Survey, 60 percent of respondents said they preferred to live in a neighborhood with a mix of houses and businesses that are within walking distance.

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