The New York Times recently published an article highlighting the many benefits of walkable urban living. Now more than ever, homeowners are seeking walkable and bikable communities that promote sustainable and convenient lifestyles.
In addition to the more well-known benefits, the article introduces a new study that reveals the economic value of “life within walking distance.” As neighborhoods become more walkable, their real estate becomes increasingly more valuable.
This walkability can be measured on a five-step ladder where each step up represents an increase in walkability. One step up on the scale correlates to an average increase of $82 per square foot on the overall home value. Read more here.
EYA recognizes the benefits of a walkable lifestyle and is committed to building homes with easy access to both retail and Metro. For more on EYA’s commitment to "life within walking distance," see the post from earlier this month about recent real estate trends.