Why Walkability Is an Overlooked Factor in a Home’s Value

written by

Jim Mucci

posted on

December 13, 2024

importance of walkable neighborhoods

Living in a walkable neighborhood makes your home worth more money. When you can walk to stores, parks, and schools, your house could sell for 30% more than homes where you need to drive everywhere. These neighborhoods also keep their value better when the economy gets tough.

You save money too. You spend less on gas and car repairs when you can walk places. Your city spends less fixing roads and pipes in walkable areas.

Young people today really want to live where they can walk places. This means more people will want to buy homes in walkable areas in the future.

Walking is good for the Earth. Areas where people walk more have 30% less dirty air. It's also good for you – walking helps you stay healthy.

Smart buyers know that homes in walkable areas are worth more. If you can walk to places from your home, you have made a good choice.

The Economic Impact of Walkability

boosting local economy growth

Walking is good for our towns and makes homes worth more money. When people can walk to stores and parks, they want to live there more. Houses in these areas sell for much more – up to 30% more than homes where you have to drive everywhere.

People who live in walking-friendly areas save money too. They spend less on cars and gas. The city also saves money because it costs less to fix roads and pipes in these areas.

When more people walk, the city gets more money from taxes to help make things better for everyone.

These walking areas stay strong even when money gets tight. Young people and older folks both like to live where they can walk places. This keeps home prices steady, while areas built just for cars often lose value.

Health Benefits Drive Property Values

Living in a walkable area is good for your health and your home's value. When you can walk to stores and parks, your home is worth more money – up to 23% more than homes where you must drive everywhere.

People who live in walkable areas walk more and feel better. Walking helps fight health problems like heart disease. Many young people want to live where they can walk places.

When cities build sidewalks and places to walk, it helps everyone stay healthy. It also makes homes worth more money. Most homes in these areas go up in value by 15% in five years.

Walking is good for you and good for your wallet. More people want to live where they can walk to get places. This means homes in these areas will keep getting more valuable.

Millennials Reshape Real Estate Preferences

millennials transform housing market

Young people today want to live where they can walk everywhere. They love being close to food, fun, and shops. This is changing how we build and sell homes.

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Many of these young adults like living in places where houses mix with stores. They even pay more money to live in spots where they can walk instead of drive.

Cities are now making new rules so builders can create these walking-friendly places.

Smart home buyers should know that houses in walking areas are worth more money now. In the last ten years, homes you can walk from have gone up in price much more than homes where you must drive.

Environmental Advantages of Walkable Communities

Living in a walkable neighborhood helps our planet. When we can walk to places instead of driving cars, we make less pollution. In fact, people who live in these areas make 30% less pollution than those who must drive everywhere.

People who live in walkable areas help the Earth in three big ways:

  1. They drive less, so their cars make less smoke
  2. They save green spaces like parks and trees
  3. Their buildings use less power

When you live where you can walk to stores and work, you help make the city better. More people living close together means buses and trains work better. It also means shops can open near homes. This helps keep our air clean and our land green.

Walking is good for you and good for Earth. Every step you take helps make our world cleaner and healthier.

Future-Proofing Your Property Investment

investing for long term stability

Walking to places is becoming more important for home values. More people want to live where they can walk to stores, parks, and work. This means homes in these areas may be worth more money in the years ahead.

Young people and older folks both like to walk places instead of driving. They want to save money on gas and help the earth. Cities are making it easier to walk by adding sidewalks and bus stops.

If you want your home to be worth more later, look for places near:

  • New bus and train stops
  • Shopping areas
  • Places where the city plans to add walking paths

Homes where you can walk to everything often sell for more money. In fact, they can cost 20-30% more than homes where you need a car to go everywhere.

The best spots are where you can walk to everything you need in 15 minutes. This includes stores, schools, and parks.