RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Wheel Estate: Bike Paths Lift Home Values

Home News
By Suzanne De Vita
April 14, 2016
Reading Time: 2 mins read

bike_pathBicycle-friendly amenities are contributing to a surge in property values in communities across the globe, marshaled by developments in urban centers and suburban outposts that accommodate “active” transportation.

“Today, bike trails, bike lanes, bike-share systems, and other forms of active transportation infrastructure are helping spur a new generation of ‘trail-oriented development,’” states a recently released report by the Urban Land Institute (ULI) that profiles 10 such developments.

The report, “Active Transportation and Real Estate: The Next Frontier,” cites a considerable statistic: on a national scale, the values of homes in areas with “above-average” access to active transportation are higher than those of comparable properties by as much as $34,000.

Homes in proximity to the bike-able Indianapolis Cultural Trail, for instance, have seen an astronomical rise in value since the trail’s opening six years ago—148 percent, the report states. In Radnor Township, Pa., the Radnor Trail has raised the values of properties within a quarter-mile by an average approaching $70,000. Similar trends have also emerged in Atlanta and Dallas.

The draw to these trails, or networks, is primarily enhanced well-being, with the increased sense of safety—made possible by features like graded paths, protective posts and “bicycle boulevards” —especially appealing to bicycle commuters, who contend with motorists daily. The opportunity for outdoor physical activity has also markedly peaked interest.

Beyond those benefits, bicycle networks can lead to a reduction in air pollution and vehicle greenhouse gas emissions. The Department of Transportation claims half of all trips taken in the U.S. are less than three miles long—a 20-minute ride by bicycle, according to the report.

Big-picture implications arise, as well. The report points to significant increases in rents and retail sales, and a decrease (by the millions) in medical costs, all as a result of trail-oriented development.

Many communities, however, lack access to facilities that fit the bicycle-friendly criteria. Nearly half of participants (48 percent) in a previous ULI study reported inadequate infrastructure to support cycling, though over half (52 percent) would prefer to live in an area without the need for a car.

The cause of this imbalance is unclear. The funds needed to install a bicycle network are relatively modest:  the report references Portland, Ore., which constructed a 300-mile bike trail for approximately the same cost as one mile of a four-lane freeway. Builders have begun to cater to the mounting demand for accessible development, but key members of the industry have yet to take action.

“At its core, the bicycle boom is about people choosing a lifestyle that gives them more options and requires less dependence on motor vehicles,” the report states. “Through supporting bike infrastructure, real estate professionals who influence the built environment can play a significant role in creating healthier, more sustainable communities.”

This post was originally published on RISMedia’s blog, Housecall. Check the blog daily for top real estate tips and trends.

ShareTweetShare

Suzanne De Vita

Related Posts

Down Payment Assistance Is the Game-Changing Tool More Agents Should Be Using
Industry News

Down Payment Assistance Is the Game-Changing Tool More Agents Should Be Using

September 26, 2025
RISMedia’s Contract & Commission Study Examines ‘Workarounds,’ Post-Settlement Shifts
Agents

RISMedia’s Contract & Commission Study Examines ‘Workarounds,’ Post-Settlement Shifts

September 26, 2025
Mortgage
Agents

Mortgage Mix: Interim Freddie CEO Gets Extension; loanDepot Responds to Class-Action Claims

September 26, 2025
Consumer Sentiment Down for the Second Consecutive Month
Industry News

Consumer Sentiment Down for the Second Consecutive Month

September 26, 2025
MLSs That Don’t Lead Are Hurting Your Growth
Best Practices

MLSs That Don’t Lead Are Hurting Your Growth

September 26, 2025
Building Relationships, One Conversation at a Time
Best Practices

Building Relationships, One Conversation at a Time

September 26, 2025
Please login to join discussion
Tip of the Day

4 Hidden Costs of Homeownership Clients Should Understand

First-time buyers could not know all the expenses that go along with owning a property. Obvious ones like taxes and insurance can skyrocket year over year. Read more.

Business Tip of the Day provided by

Recent Posts

  • Down Payment Assistance Is the Game-Changing Tool More Agents Should Be Using
  • RISMedia’s Contract & Commission Study Examines ‘Workarounds,’ Post-Settlement Shifts
  • Mortgage Mix: Interim Freddie CEO Gets Extension; loanDepot Responds to Class-Action Claims

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2025 Newsmakers
    • 2024 Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2025 Power Broker
    • 2024 Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2025 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

X