Using the Walkscore rating system, the study measured walkability and home values in 15 different housing markets.
"The study, "Walking the Walk," was commissioned by CEOs for Cities, a group that promotes sustainable cities. The study focused on about 90,000 recent home sales in 15 markets, finding a positive correlation between home values and walkability in all but two -- Las Vegas and Bakersfield, Calif.
The Walk Score algorithm calculates a property's proximity to restaurants, coffee shops, schools, parks, stores and other amenities, assigning a score from zero to 100 depending on how many are within walking distance. A Walk Score of 70 or above indicates neighborhoods where it's possible to get by without a car."
Thanks to Curbed L.A.