-
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.
Citation
Racca, D. and A. Dhanju. 2006. Property Value/Desirability Effects of Bike Paths Adjacent to Residential Areas. University of Delaware, Delaware Center for Transportation Working Paper 188.