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Urban Sprawl to Urban Stay: Walkable Housing Is Making a Comeback

URBAN SPRAWL то URBAN STAY ***** Walkable Housing is Making a Comeback. URBAN SPRAWL "The rapid expansion of metropolitan areas through building houses and shopping centers farther and farther from urban centers and lacing them together with more and more major highways" - Environmental Science: Toward a Sustainable Future There are several notable factors that contributed to urban sprawl, including: The baby boom necessitated Cars became more popular Taxes on gasoline helped fund large-scale road construction projects, including the interstate highway system. more housing. and more affordable. WILL SUBURBS BE A RELIC OF THE PAST? ***** While sprawl afforded people the American Dream, walkability is taking precedence for a growing number of people. What makes a neighborhood walkable? 11 a---V--, 3 ***** П A center Whether it is a main street or a public space Pedestrian design People Buildings close to the street, and parking lots that are set back Enough people to allow businesses to thrive and public transit to run frequently Schools and workplaces Close enough that most people can Mixed income and mixed use walk to school and work from home Affordable housing near businesses Complete streets Parks and public spaces Streets designed for pedestrians, bicyclists, and transit Lots of public spaces to meet up and play A recent study from the George Washington University School of Business found Walkable Urban Places (WalkUPs) in all of the 30 largest metro areas are gaining market share over their drivable suburban competition. WalkUPs are defined as places with Access to goods A mix of uses Access to multiple modes of transportation Higher density and services These 30 areas represent 46% of the national population A 2015 National Association of Realtors survey of 3,000 American adults living in the 50 largest metropolitan areas found: Millennials prefer walking over driving by a significantly wider margin than any other generation. 48%. OF RESPONDENTS said they prefer to live in communities that have small houses with small yards but are within easy walking distance of the community's amenities rather than large yards and the necessity to drive to all amenities Of the 60% of respondents that live in detached, single-family homes: 25% said they would rather live in an attached home and have greater walkability. ***** 85% 79% 617 of participants said sidewalks place importance on being within easy walking distance of places of women said having sidewalks with stores and restaurants to walk are a positive factor when purchasing a home to is very important To estimate the worth of walkability when buying or selling a home, real estate site Redfin compared the sale prices and Walk Score ratings of more than I million homes sold between January 2014 and April 2016 across 14 major metro areas to determine the average price of one Walk Score point. Walk Score is the web-based tool for measuring the walkability of homes and apartments by assigning a score from 0 to 100, which represents the proximity to common destinations like stores, parks, schools, and restaurants. One Walk Score point can increase a home's price by an average of $3,250 or 0.9%. IIII Real estate marketplace Zillow estimated that a 15-point bump in Walk Score would increase home values by an average of 12%. Values ranged between 4 and 24% depending on the metropolitan area Chicago had the New York had greatest effect of increases in walkability. the least. THE HOME PRICE PREMIUM OF ONE WALK SCORE POINT $7,031 $7,000 $6,000 $5,000 $3,744 $4,000 $3,000 $2,000 $1,704 $1,000 $181 $0 19-20 39-40 59-60 79-80 WALK SCORE THE POSITIVE IMPACT OF WALKABLE HOUSING ***** AFFORDABILITY ACCESSIBILITY • Walkable neighborhoods can be more accessible for all ages and abilities. Walkable neighborhoods make getting around more affordable for all members of the community. This has an especially big impact on low-income populations. • People who cannot drive for physical or age-related reasons have to rely on other people to transport them in a non-walkable neighborhood. ***** PHYSICAL HEALTH ECONOMIC HEALTH • People in walkable neighborhoods tend to be healthier than people in • Walkable environments usually lead to higher economic productivity. auto-oriented areas. • In concentrated, walkable neighborhoods with plenty of shops and restaurants, people are more likely to stop in than in car-centric environments. • People who live in neighborhoods with sidewalks are 47% more likely to be physically active at least 30 minutes per day. • Walkable neighborhoods demonstrate greater tax revenue per square foot than any other type of development. • Areas with more sidewalks and bike lanes are associated with more active commuting to school. SOCIAL HEALTH ENVIRONMENTAL HEALTH • Walking requires no fossil fuels and creates no pollution. Safe, walkable environments can offer opportunities for people of all ages and abilities to stay socially connected. • Walkable neighborhoods decrease car travel, which means fewer harmful auto emissions. While urban sprawl has an important place in our country's history, walkable, urban housing has seen a resurgence that can improve our health and the health of the economy and the environment. BROUGHT TO YOU BY SOURCES IN PARTNERSHIP WITH Rent To Own Labs GHERGICH&Co. %24 ------ ofo

Urban Sprawl to Urban Stay: Walkable Housing Is Making a Comeback

shared by Ghergich on Dec 19
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48% of survey respondents said they prefer to live in communities with small houses and yards but within walking distance to the community's amenities. Learn how walkable urban places are having a com...


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