Trails Are Driving Community Interest

“As with Transit-Oriented Development (TOD), where demand to live in and around TOD projects has increased, studies are showing a similar trend for Trail-Oriented Development, where there is a rising demand for bike-friendly and walkable places close to trails.

Trails, according to a National Association of Homebuilders study, are the number one amenity potential homeowners cite when they are looking at moving into a new community. Trails provide communities with a valuable amenity that translates into increased housing values, a positive impact on property values and enhanced tax revenue for municipalities.”

Transit-Oriented Development to Trail-Oriented Development
http://spacestoplaces.blogs.realtor.org/2016/08/03/transit-oriented-development-to-trail-oriented-development/
via Instapaper

Good Schools and Property Values

“ATTOM Data Solutions analyzed 2016 home values and price appreciation along with 2015 average test scores in 18,968 elementary schools nationwide in 4,435 zip codes with a combined 45.9 million single family homes and condos. For purposes of this report, a good school was defined as any with an overall test score at least one-third above the state average.

Out of 1,661 zip codes with at least one good school, the average estimated home value as of July 2016 was $427,402, 77 percent higher than the average home value of $241,096 in 2,774 zip codes without any good schools.”

Home Values 77 Percent Higher in Zip Codes with Good Schools
http://rismedia.com/2016/08/06/home-values-77-percent-higher-in-zip-codes-with-good-schools/