Field Guide to Effects of Trails and Greenways on Property Values
(Updated July 2016)
Are the sales prices of single-family homes made higher or lower when trails or greenways are nearby? The following articles and studies examine the effects trails and greenways have on the value of surrounding properties and some possible resources people can use to educate communities. (D. McCormick, Budget & Operations Manager)
E – EBSCO articles available for NAR members only. Password can be found on the EBSCO Access Information page.
Photo credit: Dana Lookadoo, Flickr
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Alternative Transportation Spurs Development, (National Association of REALTORS®, June 10, 2015).
Transform an Unused Railroad Corridor into a Lively Trail, (Spaces to Places Blog, National Association of REALTORS®, Apr. 8, 2015).
Placemaking in Action: Community and Public/Private Placemaking, (National Association of REALTORS®, Mar. 25, 2015).
Complete Streets for All Travelers, (National Association of REALTORS®, June 13, 2014).
Working on the Rail-Trail, (REALTOR® Magazine, Apr. 2014).
A New Generation of Bikeways, (National Association of REALTORS®, Feb 8, 2013).
Measuring Trails Benefits: Property Value, (Headwaters Economics, Apr. 27, 2016).
Trail-Oriented Development: The Next Frontier in People-Friendly Design, (Urban Land, Apr. 25, 2016).
Wheel Estate: Bike Paths Lift Home Values, (RIS Media, Apr. 13, 2016).
Parks-trails may increase property value, (Las Vegas Review-Journal, Jan. 3, 2016).
The Economic Impact of Greenways and Multi-Use Trails, (Headwaters Economics, Aug. 2015).
Urban bike trails in cities like Indianapolis, Dallas and Atlanta are proving to have rich economic benefits to city neighborhoods, (Transportation for America, Aug. 31, 2015).
Norristown 'greenway' study focuses on improving Stony Creek, Saw Mill Run, (Montgomery Media, July 23, 2015).
Another section of Greenway complete in Roanoke, (WSLS, July 22, 2015).
Benefits justify spending on hiking and biking trails, (Columbus Biz Insider, July 22, 2015).
OUR VIEW: It's time to move forward on greenway connection, (The Bristol Press, July 22, 2015).
Charlotte Trail About Recreation And Economic Development, (WFAR, Charlotte’s NPR News SourceCross, July 21, 2015).
Michael Swan: Building connected communities one foot at a time, (The Joplin Globe, July 19, 2015).
Greenway trails could bring tourists to Coastal Georgia, improve health of residents, (The Florida Times-Union, July 15, 2015).
The Bloomingdale Trail Is Already Affecting Local Real Estate, (Chicago Magazine, Apr. 24, 2015).
Rock Island Trail: What is the value of rail trails to trail neighbors and communities?, (Missouri Bicycle and Pedestrian Federation, Feb. 19, 2015).
The Economic Benefits of Greenspace, (The Trust for Public Land, Sept. 11, 2014).
Appraising Railroad Corridors for Recreational Trail Use, (The Appraisal Journal, Summer 2014). E
The Bike Path: Smart Cities' Latest Amenity, (National Real Estate Investor, Feb 6, 2014).
Understanding the impact of trails on residential property values in the presence of spatial dependence, (The Annals of Regional Science, Oct. 2013). E
Rails to Trails: A Train Wreck for Property Owners, (Reason, Oct. 27, 2013).
Bike Lanes & Property Values: Is There a Correlation?, (Atlanta Curbed, Aug. 8, 2013).
Adding Value to Your Community, (Virginia Department of Conservation & Recreation, June 21, 2013).
Do Bike Lanes Impact Housing Values?, (Streets MN, June 10, 2013).
Realtors Using Pedal Power To Sell Homes, (Forbes, May 24, 2013).
What Economic Impact Do Trails Have In Our Communities?, (Carolina Thread Trail, July 2, 2012).
Bicycling Means Business: The Economic Benefits of Bicycle Infrastructure, (League of American Bicyclists, July 2012).
Bikes, Bike Paths, and Home Values, (Boston Magazine, Dec. 1, 2011).
How Much is a Bike Trail Worth?, (Atlantic Citylab, Oct. 28, 2011).
Economic Impacts of Bicycle Infrastructure Investments, (Ohio Transportation Engineering Conference, Oct 26, 2011).
Bike trail impacts property values, (WCPO Cincinnati, Oct. 14, 2011).
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