The sale price of a home rose for every additional point on a scale of pedestrian friendliness, but not as much at the luxury end, a new study shows
By Leigh Kamping Carder | The Wall Street Journal
Stroll-friendly communities may be the latest housing draw, but in the luxury market, the “walkability premium” is relatively small.
Redfin, a Seattle-based real-estate brokerage, measured the effect of walkability on home values by looking at increases in Walk Score, a 0-to-100 scale that tallies things such as population density and nearby restaurants, schools and stores. A score above 90 is considered a “walker’s paradise” where almost all errands can be done on foot.
