Comprehensive Evaluation of Walking Benefits PDF - Walk21

Property Value Impacts• 5.2% higher residential property values and 4.9% higher retailrents in London neighborhoods h with good walking conditions(Buchanan 2007) .• 15.5% higher house prices in walkable neighborhoods (Songand Knaap 2003) .• 11% higher property values in New Urbanist neighborhoods(Eppli and Tu 2000).• A one-point Walkscore is associated with a $700 and $3,000increase in home values (Cortright 2009).• 1% to 9% increase in office, retail and apartment values foreach 10-point WalkScore increase (Pivo and Fisher 2010).• Residential property values tend to increase with proximity topublic trails (Racca and Dhanju 2006).• Each foot closer to Ohio’s Little Miami Scenic Trail increasessingle-family property sale prices $7.05, a 4% increase iflocated 1,000 feet closer to the trail (Karadeniz 2008).