Walkability and Housing Values

Walkability is gaining ground in the determination of housing values.

"In their ideal neighborhood, you could walk to a bookstore and then to an ice cream shop, and your children could walk to school, probably unescorted. (It sounds like so many movie depictions of America in the 1950s.)

They argue that walkability lowers crime - that good people on the streets drive away the bad guys - and that it generally improves life and sharply raises home values. Whether it helps homes retain their value when the market slumps, however, seems a harder question to answer."

This article looks at an August 2009 study by C.E.O.'s for Cities which looks at the relationship between walkability (as measured by the website Walkscore) and housing values.

Full Story: Street Corners vs. Cul de Sacs

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
City Plate table setting

New Arrival! City Plates

City downtown cores printed on gorgeous decorative collectible porcelain plates.
$50.00
Book cover of Insider's Guide to Careers in Urban Planning

So you want to be a planner...

Check out our behind the scenes look at 25 careers in the Urban Planning field
Starting at $14.95