In southeastern Michigan, the Huron River Trail benefits the community through spending at local businesses, higher property values along the river, and recreational enjoyment. The authors also measure benefits from biological diversity, wetland flood reduction, and aesthetic values but these are connected to the river, not just the trail.
Property value
Economic and Health Benefits of Bicycling in Northwest Arkansas
In northwest Arkansas, a substantial investment in paved and unpaved trails has contributed substantially to the region’s well-being (measured in improved health) and economic performance (measured in visitor spending and employee retention). Evidenced by residents’ interest in living close to trails and willingness to pay more for homes near trails, cycling is an essential part of life in this region.
The Impacts of Central Ohio Trails
This thorough study of a 111-mile regional trail network around Columbus, Ohio found that trail users travelled roughly 11.9 million miles in 2014, mostly by bicycle. Higher population density, easy access from neighborhoods, connection to other trails, and longer trails are associated with greater use.
Evaluation of the Burke-Gilman Trail’s Effect on Property Values and Crime
This study found that the Burke Gilman Trail in Seattle is most often seen as an asset by those who moved to the neighborhood after it was built, while those who have lived there since before the trail was built are less likely to see the trail as increasing the sales price or ease of selling their home. Crime associated with the trail is negligible and adjacent property owners’ biggest concern is privacy.
Economic Impacts of MVSTA Trails and Land Resources in the Methow Valley
This study found that the 200-kilometer Nordic skiing trail network in the Methow Valley of Washington state is the reason why many people visit the area and choose to purchase homes there. Non-resident trail users and residents alike are largely willing to pay some amount of money to support trail maintenance and additional trail construction.
The Mohawk-Hudson Bike-Hike Trail & Its Impact on Adjoining Residential Properties
This study found that landowners adjacent to the Mohawk-Hudson Bike-Hike Trail are frequent users of the trail, and most are satisfied with having the trail as a neighbor. Despite their general approval of the trail, most landowners did not think the trail would increase their property value or affect how quickly they could sell their home, suggesting that the main appeal of living near the trail comes from being able to use it.
Omaha Recreational Trails: Their Effect on Property Values and Public Safety
This study found that, according to the residents closest to the trails, the Omaha trail system has had an overwhelmingly positive effect on neighborhoods’ quality of life. The positive effects are not constant across all trails and neighborhoods, though, and neighborhoods that saw the greatest benefit were constructed concurrently with the trails.
The Impact of the Little Miami Scenic Trail on Single Family Residential Property Values
This study found that the Little Miami Scenic Trail in southwest Ohio is associated with higher property values for nearby properties, across the urban, suburban, and rural sections of the trail. On average, homes sell for an additional $7 for every foot closer to the trail, up to about a mile away from the trail. For example, a house a half mile away from the trail would sell, on average, for $18,612 less than a house that is identical in all other aspects but is adjacent to the trail.
The Relative Impacts of Trails and Greenbelts on Home Price
This study found that trails and greenbelts in a San Antonio, Texas neighborhood are associated with higher home values, particularly if the trails are incorporated into a greenbelt. This effect is not just for homes immediately adjacent to the trail, but for all homes in the neighborhood.
The Impact of Greenways on Property Values: Evidence from Austin, Texas; An Assessment of Tax Revenues Generated by Homes Proximate to a Greenway
The study found that neighborhoods with access to and views of the trail command higher property values, and that these higher property values generate additional tax revenue for municipal and county governments. Trails may not pay for themselves based solely on higher property tax revenue, but the likely additional revenue would offset some of the expense.
Multiuse Trails: Benefits and Concerns of Residents and Property Owners
This study found that the qualitative benefits to property owners–including access to recreation and the natural world and connection to neighbors–far outweigh the negative effects of living adjacent to a multiuse trail in this study. The negative effects, including trespassing, less privacy, and dog waste, were not widespread across users and may be mitigated with trail design.
Two Approaches to Valuing Some Bicycle Facilities’ Presumed Benefits
This study found that those commuting by bicycle are willing to go out of their way to use a safer route, with the largest detour for on-street, designated bicycle lanes, followed by routes without parking and routes with an off-street bicycle lane. The effect of these bicycle facilities on property values is mixed, depending on the type of facility and whether it is in an urban or suburban neighborhood.
Property Values, Recreation Values, and Urban Greenways
This study found that in Indianapolis property values are higher when homes are located near conservation areas without trails or near high-profile, destination trails, but are not any different when they are located near less-popular trails. Individual trail users place a positive value on being able to use trails, which is sufficiently high to justify the expense of trail construction and maintenance.
Property Value/Desirability Effects of Bike Paths Adjacent to Residential Areas
This study found that homes within 50 meters of bike paths in New Castle County, Delaware sold, on average, for 4 percent more than similar homes without bike paths. These results are consistent with other studies that have demonstrated a higher value for homes adjacent to trails.