High Walkability Score Adds Value to Most Homes in U.S.

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According to Redfin, one “Walk Score Point” can increase the price of a U.S. home by an average of $3,250 or 0.9 percent.

To estimate how much walkability is worth when buying or selling a home, Redfin looked at the sale prices and Walk Score ratings of more than one million homes sold between January 2014 and April 2016 across 14 major metro areas to determine the average price of one Walk Score point. Walk Score measures a location’s walkability by assigning a value from zero to 100, reflecting how many amenities, such as restaurants and grocery stores, one can easily and quickly reach on foot.

The value of a Walk Score Point varies by region and by price point. Of the 14 metro areas included in the analysis, one Walk Score point is worth the most, as a percentage of the median sale price, in Atlanta. There, one Walk Score point is worth $2,838, or 1.69 percent, on average. In Orange County, California, one Walk Score point adds just $114, or 0.02 percent, to a home’s value. Click to read full article and see walkability scores/values by metro area.

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