parksify : "As the benefits of walkability have become more evident in the past decade, those looking for places to live are seeking out neighborhoods where they can walk to dine, get coffee, shop, or even work. But with that increase in demand, there’s a price to be paid.
According to a new report by real estate firm Redfin, prices of homes increase incrementally based on neighborhoods’ Walk Scores. In fact, for every one point on the Walk Score index (which rates walkability on a scale from 1 to 100) for homes in Los Angeles, the sale price jumps by $3,948. And for families looking to settle in walkable communities, this is a big price to pay."