Despite the stereotypes that these young adults mostly seek urban living with
a high walkability factor, millennials says they prefer single - family homes on large lots in the suburbs, with two out of three (67 percent) indicating they plan to purchase a single - family detached home, while only 12 percent says they plan to purchase a townhome or condominium.
In Atlanta, neighborhoods like Chastain Park — with its older, more affordable housing on small lots and with
high walkability — have now become teardown magnets, says Barbara St. Amant, ABR, with Harry Norman, REALTORS ®, there.
If your listing has
a high walkability score, promote it.
A high walkability score can help boost a price of a home by an average of $ 3,250, according to a 2016 Redfin study.
In a related study of places within metropolitan Washington,
higher walkability was shown to be related to higher economic performance, controlling for a place's household income.
Not exact matches
Like Chicago, Philadelphia ranks well for
walkability and entertainment but also has a relatively
high robbery rate.
Based on
walkability, off - leash dog parks per 100,000 residents and cost of a vet visit, NerdWallet — a website that helps consumers save money and make smarter decisions about personal finances, travel plans or
higher education — analyzed 50 cities to find the metropolitan areas best suited for people and their canine counterparts.
Washington, D.C. — The nation's capital also ranked
high on
walkability scores, with an average vet visit costing $ 49.93.
With more dogs than kids, it's no surprise San Francisco is ranked first in the country for
walkability and third for
highest number of dog parks.
Smart growth, which emphasizes
walkability,
higher density, and transportation access as ways to more effectively use land, is not a new concept.
«The biggest gains in value associated with
walkability were in the large cities with the
highest densities — and best transit systems — like San Francisco and Chicago,» Cortright said.
People also put a
high priority on
walkability when they were asked to indicate the importance of 19 neighborhood characteristics when deciding where to live.
The
walkability scores are
higher compared to the county.
«As Amazon's list of requirements for its second headquarters indicates, occupiers and their employees want to live and work in cities with a
high quality of life, good
walkability and transit and great air connections.
Communities that already have good
walkability and public transit can build on these assets to attract
high - income, well - educated residents, and the businesses that serve them.
«
Walkability» factor = Sky -
High — Comm CTR, Grocery, Fitness, Restaurants, etc..
The study also found that
walkability was associated with lower cap rates and
higher incomes, suggesting it has been favored in both the capital asset and building space markets.
The only variable that was statistically significant is the Walk Score index (p = 0.048), indicating cities with a
higher accessibility of amenities within walking distance are likely to have 1.9 % lower rates of adult obesity... Source: Validation of Walk Score for Estimating Neighborhood
Walkability: An Analysis of Four US Metropolitan Areas
From
walkability scores to consumer spending habits, RPR's quantitative representations of market trends, demographics, psychographics, neighborhood and school information, offer
high value components to an ongoing awareness - and - business building social campaign,» he said.
Find out which U.S. cities Walk Score ranked
highest in
walkability and which ones could make walking - friendly improvements.