Walkability and Home Values

Atlanta | Real Estate | What's going on! |

Walkability is a feature many consider when purchasing a home.  Here in Atlanta, people pay a premium to live on or near the Beltline, for example, because of its easy to navigate trail and local restaurants/shops located all along it around the city.

According to a recent Redfin article, “about a quarter of active listings are considered walkable, or have a Walk Score ranking of 50 to 100, although only about 4% are a walker’s paradise, or have a Walk Score of 90 or above.”

For reference, Atlanta has a Walk Score ranking of 48 compared to more walkable cities like Boston, MA that come in at 82.

The article goes on to explain the methodology behind how they determine a city’s Walk Score ranking as well as the change in a city’s ranking over the years.

“The benefits of walkability have also changed over time. In 2016, Atlanta garnered the highest walkability premium—38.1%—of any metro area. In 2019, it boasted a 30.2% premium. That’s still the highest of all areas we analyzed in percentage terms, but it also marks the largest premium drop.”

Is walkability a feature one of your clients have ever prioritized when searching for their next home?

To read the full article, click here.

*For informational purposes only.  Not to be relied upon as legal advice.  Nothing in this blog should be construed as creating an attorney-client relationship.  MMH is not responsible for, does not endorse or accept liability for any externally linked site or its content.  MMH does not give any representation regarding the safety, reliability or accuracy of the content or materials contained on any external website.