If the inverse is true, look for home prices to continue to plummet in UNwalkable Franklin:
A new report from CEO for Cities, “Walking the Walk: How Walkability Raises Home Values in U.S. Cities,” argues that more walkable neighborhoods increase home values. According to CEO for Cities, data was analyzed “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.” CEO for Cities adds: “The study found that in the typical metropolitan area, a one-point increase in Walk Score was associated with an increase in value ranging from $700 to $3,000 depending on the market. The gains were larger in denser, urban areas like Chicago and San Francisco and smaller in less dense markets like Tucson and Fresno.”
Read more at: New Report: Walkable Neighborhoods Increase Home Value « The Dirt
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