A new report found that an increase of one Walk Score point can increase the price of home in the Boston area by $3,937 or 1.21 percent!
Basically, the closer a property is to local amenities such as parks, shops and public transportation, the better its “walk score” and the higher the price.
Walkability was a particularly desirable quality in Boston real estate compared to the 13 other metro regions tracked in the study. On average in the other cities a one point walk score increase translated to a $3,250 price bump. That’s $700 less than in Boston.