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Research: Economic Benefit of Increasing Neighborhood Walkability: Is it a Myth? | Planetizen

Submitted by Brent Hugh on Mon, 10/05/2015 - 1:44pm

Headlines are quick hits from media outlets from Missouri and around the world. Follow the headline link for the full story. The source of this headline says:

We found that the highest premiums for walkability are in the most walkable neighborhoods (SSWS greater than 90): a 1 percent increase in walkability yielded a $1,329 increase in property values; a 1 percent increase in sidewalk density generated a $785 increase in property values. Homes in neighborhoods that are at least somewhat walkable (SSWS between 50 and 70) and very walkable (SSWS between 70 and 90) also experienced premium increases, although correspondingly less. In contrast, increasing walkability and sidewalks in car-dependent neighborhoods (SSWS less than 50) did not have any significant impact on property values.

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Research: Economic Benefit of Increasing Neighborhood Walkability: Is it a Myth? | Planetizen
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