Walk Score: Redfin puts a dollar figure on walkability, analyzing how much one Walk Score point affects home prices

Being able to walk away from your home and easily access amenities nearby adds value to that home, Redfin reports in a new analysis of its Walk Score feature. The Seattle-based real estate brokerage, in a study of 14 major U.S. metro areas, found that one Walk Score point can increase the price of a home by an average of $3,250 or 0.9 percent. Walk Score rates homes, on a scale of 0-100, based on walking distance to jobs, schools, shopping, parks and other urban amenities. A score of 90 or above is considered a "walker's paradise," according to Redfin -... Read More