Tag

walk score Archives - AllianceCorp Property Experts

Q&A: What does walk score have to do with property?

people walking

Question: I keep hearing about “walk score” in relation to property. What is it and does it matter? Answer: Walk Score is becoming increasingly significant in terms of property value. Firstly, Walk Score is a measure of a community’s walkability. That is, how easy it is to walk from your home to key amenities – shops, parks, schools, work. Population density and block length are also taken into account. Walk Score ranks properties on a scale of 1 to 100 with a high Walk Score estimated to add between $30,000 to $50,000 to a property’s value. While the proximity of key facilities has always been important to homeowners and renters, it’s becoming even more…

Continue Reading