ItÃ¢â‚¬â„¢s no secret that living in walking distance to work, schools or even shops is growing ever more popular, but itÃ¢â‚¬â„¢s also a considerably rare commodity (which, in turn, makes it ever more desirable).
New research by Redfin now reveals just how much exactly walkability, expressed in form of a Walk Score, is worth in some of the StatesÃ¢â‚¬â„¢ major metropolitan areas.
Walk Score, ranked on a scale from 0 to 100, is RedfinÃ¢â‚¬â„¢s property rating system, measuring how pedestrian-friendly an area is.
Restaurants, schools, parks and other amenities in a 30-minute-walk radius are taken into account to determine an areaÃ¢â‚¬â„¢s Walk Score.
And of course, a supermarket in a five-minute-walk radius is will rate higher than the park 25 minutes down the road.
So, how much does it add to a propertyÃ¢â‚¬â„¢s value?
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