...is benefits.
Here's a study that related Walk Score (http://www.walkscore.com/) to property
values, with appropriate controls for type of home, etc.
The study found that in the typical metropolitan area, a one-point
increase in Walk Score was associated with an increase in value ranging
from $500 to $3,000 depending on the market. The gains were larger in
denser, urban areas like Chicago and San Francisco and smaller in less
dense markets like Tucson and Fresno.
Linky: http://reconnectingamerica.org/posts/how-walkability-raises-home-values
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