What is the impact of rail-trails on property values?
Trails increase the natural beauty of communities. They also have been shown to bolster property values and make adjacent properties easier to sell. In a 2002 survey of recent home buyers sponsored by the National Association of Realtors and the National Association of Home Builders, trails ranked as the second most important community amenity out of a list of 18 choices. Studies of property values along trails show that lots adjacent to trails sell faster and for an average of 6-9% more than similar properties not located next to trails. Source: Trails and Greenways Clearinghouse, Washington, DC. www.trailsandgreenways.
Property values tend to increase alongside rail trails. Studies of property values along trails show that lots adjacent to trails sell faster and for an average of 6-9% more than similar properties not located next to trails. In a 2002 survey of recent home buyers sponsored by the National Association of Realtors and the National Association of Home Builders, trails ranked as the second most important community amenity out of a list of 18 choices. For more information, see the Trails and Greenways Clearinghouse in Washington, DC and the Trust for Public Land.
Trails increase the natural beauty of communities. They also have been shown to bolster property values and make adjacent properties easier to sell. In a 2002 survey of recent home buyers sponsored by the National Association of Realtors and the National Association of Home Builders, trails ranked as the second most important community amenity out of a list of 18 choices. Studies of property values along trails show that lots adjacent to trails sell faster and for an average of 6-9% more than similar properties not located next to trails. Source: Trails and Greenways Clearinghouse, Washington, DC.
