Walkability Increases Property Values

Walk to HalkMaking West Windsor more walkable isn’t just good for pedestrians, it’s good for all of us!

A 2009 study of over 90,000 home sales in 15 metropolitan regions nationwide concluded “the walkability of cities translates directly into increases in home values. Homes located in more walkable neighborhoods—those with a mix of common daily shopping and social destinations within a short distance—command a price premium over otherwise similar homes in less walkable areas.”

The study, Walking the Walk: How Walkability Raises Home Values in U.S. Cities, found that “Houses with the above-average levels of walkability command a premium of about $4,000 to $34,000 over houses with just average levels of walkability in the typical metropolitan areas studied.”

Real estate agents are taking notice – Lani Rosales notes, in her article Why Pedestrian Safety Rankings Matter to Real Estate Agents , “The reason pedestrian safety rankings matter to real estate agents is because mainstream, common buyers are now making decisions as to where to live based on factors that used to be seen as liberal hippie nonsense.”

Help the WWBPA to make West Windsor more walkable and raise our property values by joining us, participating in a West Windsor Walk, or contact our officials to express your support for more sidewalks and better crosswalks!

One Response to “Walkability Increases Property Values”

  1. […] there you have it – building a bicycle and pedestrian friendly community not only raises property values, it creates safer streets for motorists, bicyclists and pedestrians. Everyone wins, not just […]

Archives

Categories

Tag Cloud

bicycle bicycle commuting bicycle safety Bicycle Tourism bicycling Bike/Ped Path bike commuter journal Bike Commuting bike lanes bike path bike racks bike ride bike safety biking Community Bike Ride Complete Streets crosswalk D&R Canal Downtown Princeton Junction East Coast Greenway Historic Bike Trail League of American Bicyclists Learn to BIke Livable Communities Main Street Mercer County mercer county bike commuting Mercer County Park multi-use trails National Bike Month NJDOT pedestrian pedestrian safety Plainsboro Princeton Princeton Junction train station Ride of Silence Route 571 safety sidewalks Smart Transportation speed limits traffic walking West Windsor