In today’s real estate market, homebuyers are looking beyond square footage and bedroom counts. One increasingly important factor is location accessibility—specifically, a property’s walkability and proximity to public transportation. These features don’t just improve quality of life—they can also have a major impact on your home’s resale value and investment potential.

Let’s explore how walkability and public transit access affect property values, and why they matter more than ever.

What Is Walkability in Real Estate?

Walkability refers to how easy and pleasant it is to walk from a home to amenities like grocery stores, parks, restaurants, schools, and public transportation. This concept is often measured by a property’s Walk Score, a rating from 0 to 100 based on how pedestrian-friendly a location is.

• 90–100: Walker’s Paradise

• 70–89: Very Walkable

• 50–69: Somewhat Walkable

• Below 50: Car-dependent

Homes in highly walkable neighborhoods tend to be more desirable, especially among millennials, retirees, and environmentally conscious buyers.

The Role of Public Transportation Access

Proximity to public transit—like buses, trains, subways, or commuter rails—can significantly influence property values. Homes near reliable, efficient public transportation:

• Attract commuters and professionals

• Reduce reliance on cars

• Offer cost savings on fuel and parking

• Contribute to lower carbon footprints

According to studies, homes within walking distance of public transit often see a premium in home value—sometimes as high as 24% more than similar homes farther away.

How Walkability & Transit Access Boost Property Values

1. Increased Buyer Demand

Buyers are increasingly seeking lifestyle convenience. Walkable, transit-accessible locations are in high demand, which can result in multiple offers and faster sales.

2. Higher Rent and ROI

If you’re an investor, properties in walkable and transit-rich areas tend to command higher rents, lower vacancy rates, and better long-term ROI.

3. Better Resale Potential

Walkable neighborhoods are more resilient during market downturns. When the market slows, these homes often retain value better than those in car-dependent areas.

4. Health and Lifestyle Appeal

Proximity to parks, fitness centers, shops, and cafes supports a healthier, more active lifestyle, which resonates with modern buyers.

Examples: How Location Impacts Price

• In major cities like Philadelphia, Boston, and San Francisco, homes near subway or light rail stations often sell for a premium of $15,000–$50,000+ compared to similar properties farther away.

• Suburban neighborhoods with commuter train access are also in high demand due to growing hybrid work models.

Even in smaller cities, areas with charming downtowns, local amenities, and walkable layouts often see faster appreciation and less inventory turnover.

The Other Side: Things to Consider

While walkability and transit access offer many benefits, buyers and sellers should also consider:

• Noise and traffic near busy streets or transit stations

• Parking limitations in walkable areas

• Higher property taxes in prime locations

• Possible gentrification concerns affecting affordability

Tips for Buyers & Sellers

Buyers:

• Use tools like Walk Score and Transit Score during your home search.

• Consider your lifestyle—do you want easy access to work, shops, or entertainment?

• Factor in commuting costs when comparing neighborhoods.

Sellers:

• Highlight walkability and nearby transit options in your listing description.

• Include details like “5-minute walk to train station” or “steps from coffee shops.”

• Stage your home to appeal to urban and active lifestyles.

As cities grow and homebuyer priorities shift, walkability and public transit access are becoming major selling points. Properties in accessible, connected neighborhoods tend to appreciate faster, sell quicker, and offer better value for buyers and investors alike.

If you're thinking about buying or selling, don’t underestimate the power of location—not just where your home is, but how easy it is to get around from there.

Matt Witte strives to be the best realtor in North Andover MA.

Any questions about real estate, reach out to Matt Witte North Andover Realtor MA