Even More on Walkability and Real Estate Values

The NY Times examined the aspect of “walkability” in real estate values in a recent article, even highlighting the role that Walk Score is taking on in the market. Allegedly, residences in a neighborhood with an above-average walk score are able to sell at a higher price than those with a lower score. With the cost of living skyrocketing, I’m sure many families are looking for alternatives to using a car daily – and living in a walkable neighborhood can help with saving money in the long run.

Data collection on real estate values used to only be available through government sources and the National Association of Realtors, but now, more companies are beginning to compile this useful information (even Google is now accumulating such data).

Interested in checking out home values by zip code? Visit Zillow.com to check out a comparison of different areas and market prices. It looks like the ‘Allentown Metro’ area is boasting housing prices that are higher than the average US market values right now. Very interesting. What are your thoughts on why this may be so?

About Beata Bujalska

Beata Bujalska is the former Campaign Coordinator for Renew Lehigh Valley. She currently lives in Panama, a place that fascinates her due to (among other reasons) its recent development boom.

Posted on January 15, 2010, in Housing, Media Coverage, Neighborhoods, Public Infrastructure, Trends, Urbanism and tagged , , . Bookmark the permalink. 1 Comment.

  1. I believe it. Just look at the home prices in Emmaus. You could probably do an analysis of the prices of victorian twins in the Lehigh Valley to determine which communities are most desirable. They are almost a commodity.

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