Tuesday, July 13, 2010

Location, Location, Location

Posted by Mary Cashiola on Tue, Jul 13, 2010 at 2:09 PM

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The Wall Street Journal has a story today on how walkability is an amenity that more homebuyers are looking for.

(It even namechecks a CEOs for Cities study of 90,000 homes in which amenities within walking distance of neighborhoods were shown to boost home values.)

"For a lot of Americans, the whole problem of traffic congestion and having to drive everywhere to do almost anything has made other choices more attractive," says Kaid Benfield, director of the Washington-based Natural Resources Defense Council's Smart Growth Program. Urban planners say it's also a matter of demographics: Baby boomers are coming of empty-nest retirement age, and at the same time their children are buying their first homes, and neither group wants large lots in remote places where little is going on. Fear about future oil prices is also increasing the attractiveness of walkable neighborhoods.

Another study released in January by the Natural Resources Defense Council found that the measure of transportation costs in a given area affect the number of foreclosures.

With Walk Score, which the article references, a potential homebuyer can easily find how a place rates re: walkability.

The site acknowledges its limitations: It doesn't take sidewalks, street design, topography, or traffic into account. And after playing with it a little bit, it's clear there are some deficiencies (nearby movie theaters cited the Orpheum, which does show movies, but ...) but an interesting tool nonetheless.

Comments (13)

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When I moved to Nashville, I jumped from a 14 to a 60. Of course, my nearest movie theater is across a river and still undergoing repairs from the time when the only things it could show were "Finding Nemo" and "Waterworld," but it's still a VAST improvement.

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Posted by fancycwabs on 07/13/2010 at 3:02 PM

11, baby! Woohoo!

It would be even lower, if not for the nearby restaurant (that isn't a restaurant), coffee shop (that isn't a coffee shop) and grocery store (that isn't a grocery store). Factor those out and I bet my neighborhood would rank somewhere around 6.

The site should also factor in street-level crime. Just because you could walk somewhere doesn't mean you would.

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Posted by Jeff on 07/13/2010 at 3:33 PM

85, read it and weep baby!

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Posted by mad_merc on 07/13/2010 at 3:57 PM

45 - but only because it includes Rhodes' library and bookstore. (But, doesn't include Rhodes gym.)
I'm also pretty leary of what it calls the nearest grocery. I suspect it's just a convenience store.

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Posted by cdel on 07/13/2010 at 4:08 PM

My three amenities are all warehouses and offices.

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Posted by Jeff on 07/13/2010 at 4:55 PM

I'm 49 but it could be higher or lower. My nearest coffee shop is closer than Starbucks and I live right off of the Trolley line, just a few blocks from the Downtown bus terminal but I get "no data" under transit. On the other hand it also lists the Canon Center as a movie theater.

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Posted by Chris Davis on 07/13/2010 at 5:57 PM

I'm 82, but it's skewed because I'm a block off of Union. Walking on Union is never a good idea.

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Posted by BruceVanWyngarden on 07/13/2010 at 6:39 PM

77! not bad. i'm actually surprised it's not higher. i'm about a block from McLean-Union - which is about as walkable as i guess you could ask for. notwithstanding BVW's fairly on the money assessment of Union's walkability...

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Posted by wvfii on 07/13/2010 at 7:46 PM

49 in VECA. The site missed Snowden School and the Zoo but you can add features to your neighborhood on their site. Very cool. It should be interesting to see how the score changes with those two features added.

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Posted by airshafer on 07/14/2010 at 7:13 AM

Bruce - you should walk on the sidewalks.

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Posted by cdel on 07/14/2010 at 8:10 AM

80 -- Lenox School Neighborhood

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Posted by B on 07/14/2010 at 9:41 AM

My downtown Memphis home - 89.
My downtown Chicago home - 95 (walkers paradise)

I haven't owned a car in more than a decade!

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Posted by ccoletta on 07/14/2010 at 12:31 PM

78 - but this doesn't factor in blistering heat, does it?

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Posted by Shane of Memphis on 07/14/2010 at 12:54 PM
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