The economic value of walkable neighborhoods

  title={The economic value of walkable neighborhoods},
  author={Dong Wook Sohn and Anne Vernez Moudon and Jea-sun Lee},
  journal={URBAN DESIGN International},
This study investigated how the benefits of a walkable neighborhood were reflected in the American real estate market by examining the economic values of urban environmental factors supporting walking activities. Property values were used as a proxy measure for economic value and analyzed in relation to land use characteristics that have been known to correlate with walking at the neighborhood scale. Four aspects of the built environment supporting walking were included in the analyses… 
Understanding the Economic Value of Walkable Cities
Improving walkability has the potential to play a major role in improving both accessibility and the public health dimensions of our cities. Walkability research to-date has focused on the influence
Analysis of Walkability Estimates and Hotel Real Estate Values in New York City
This study examines the relationship between walkability estimates including Walkscore and a 10-year sample of hotel transactions in New York City. Using a Hedonic pricing model, ordinary least
Assessing Benefits of Neighborhood Walkability to Single-Family Property Values
This article investigates the impact of neighborhood walkability, measured by Street Smart Walk Score and sidewalk density, on property values by analyzing the 2010–2012 single-family home sale
Equity in neighbourhood walkability? A comparative analysis of three large U.S. cities
ABSTRACT This study examines the spatial and statistical relationships between social vulnerability (SV) and neighbourhood walkability across three large U.S. cities with different urban typologies
The association between residential housing prices, bicycle infrastructure and ridership volumes
City officials and planners have shown increased interest in pedestrian- and bicycle-friendly designs aimed at addressing urban problems such as traffic congestion, pollution, sprawl and housing
Neighborhood Walkability and Housing Affordability among U.S. Urban Areas
With support and demand for walkable urban spaces on the rise, there has been growing concern among academics and practitioners of increasing exclusivity, particularly in amenity-rich areas. This
Walkability Assessment in a Rapidly Urbanizing City and Its Relationship with Residential Estate Value
Walkability has increasingly been recognized as an important factor for sustainable urban development that, however, has seldom been investigated in rapid urbanizing cities, especially in the Asian
A GIS-based walkability index for the City of Cape Town
Walking is a widely accessible mode of transportation, yet our urban environments are automobile dependent. Automobile dependence, in turn, led to a rise in the level of inactivity amongst urban


Mixed land uses, land-use externalities, and residential property values: A reevaluation
Empirical evidence concerning the impact of neighborhood land-use externalities on residential property value is mixed. That is, no concensus has emerged in the literature as to whether locating
A micro-analysis of land use and travel in five neighborhoods in the San Francisco Bay Area
This study examined the effects of land use and attitudinal characteristics on travel behavior for five diverse San Francisco Bay Area neighborhoods. First, socio-economic and neighborhood
Perceived and objective environmental measures and physical activity among urban adults.
The Extent and Determinants of Dissonance between Actual and Preferred Residential Neighborhood Type
Although households' general preference for low-density residential environments is well documented in the literature, little research in geography and urban planning has explicitly investigated how
Travel Behavior as Function of Accessibility, Land Use Mixing, and Land Use Balance: Evidence from San Francisco Bay Area
The relative significance and influence of a variety of measures of urban form on household vehicle kilometers traveled, automobile ownership, and mode choice were investigated. The travel data came
Quantifying Spatial Characteristics for Travel Behavior Models
Land use initiatives represent a potentially effective tool for coping with the kinds of mobility patterns that North American cities face in the 1990s and in the coming century. As fine-grained data
Attributes of Environments Supporting Walking
This study established a framework to audit environments supporting walking in neighborhoods using a telephone survey and 200 objective environmental variables to offer valid environmental measures of neighborhood walkability.
Built environment correlates of walking: a review.
Evidence on correlates appears sufficient to support policy changes and more recent evidence supports the conclusions of prior reviews, and new studies address some of the limitations of earlier studies.
From walkability to active living potential: an "ecometric" validation study.