This data is compares house value in the neighborhood with "median walkablity" Vs. "75% percentile walkability" using walkability score from www.walkscore.com. For example, in Austin Tx, the house with 75% percentile walkability (74) is $23,871 more valuable Vs. the one in median walkability (62) neighborhood.
Interestingly, in 13 out of 15 metropolitan area, more walkable homes are proven to be worth more (car dependent Las Vegas NV and Bakersfield CA was only exception).
|Contribution of Walk Score to Housing Values|
|Metro||Median||75% Percentile||Walk Score Estimated Housing Gain from Moving to 75% Percentile|
As I pointed out in previous blog posting about mass transit usage, I think US is slowly moving away from car-dependent suburbia to mass transit oriented walkable neighborhood.
So make sure that you check the walkscore when you purchase your new house!