Homebuyers Value Walkability, Mixed-Used NeighborhoodsBy RISMedia Staff
Housing choices and community design remain definite priorities for homebuyers, according to a new survey from the National Association of Realtors®.
NAR’s Community and Transportation Preference Survey found that homebuyers value walkability and mixed-use neighborhoods when shopping for a home: 89% of respondents said sidewalks and places to walk are important, and 82% said being within walking distance of parks and shops is important. Specifically, more than half of respondents (63%) said they would be willing to pay more for a home that is walking distance to parks, shops and restaurants. In fact, 59% of respondents said they preferred a home in a walkable area rather than a larger home that required more driving. In order to create more walkability and mixed-use neighborhoods, homebuyers want more intention behind community design. Specifically, 46% of respondents said it should be a high priority for local governments to make it easier to develop walkable communities, and 39% said it should at least be a middle priority. In that vein, 63% of homebuyers said that small-lot single-family homes are a good idea for developing their communities, and 51% said townhomes, duplexes, and other attached housing are good options. To read the full survey, click here. |
Today's Top Stories |