Higher Vacancy Rates in Walkable Neighborhoods

In comparing data collected during the 2010 Census, walkable neighborhoods are shown to have greater vacancy rates than the cities they're in.

This post from Cubit Planning's Kristen Carney explores the numbers, which went against her own assumptions.

"I hypothesized that a socially redeeming characteristic of walkable neighborhoods would be a lower than average vacancy rate. More people buying property in walkable neighborhoods means more real estate taxes–which fund our public services. And haven't we all been reading articles about how Gen Y loves living in dense urban areas, and how 58 percent of American would prefer to live in a neighborhood where stores are within an easy walk?

Well, the Census 2010 data indicate that walkable neighborhoods have higher vacancy rates than their surrounding cities. Only Dupont Circle in DC and City Center East in Philadelphia have slightly lower vacancy rates than their surrounding cities. Every other walkable neighborhood had a higher vacancy rate than its surrounding city. Topping the chart is Core in San Diego with a vacancy rate of 24.6% while San Diego city has a vacancy rate of 6.4%."

Full Story: Walkable Neighborhoods have Higher Housing Vacancy Rates per Census 2010 Data

Comments

Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95

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 $209
Woman wearing city map tote bag

City Shoulder Totes - New Cities Added!

Durable CityFabric© shoulder tote bags available from 7 different cities.
$22.00
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