Walkable Seattle is in growing demand
An increasing number of people are looking to move to urban areas because of the convenience of living near work and the many amenities that are available. People looking at homes for sale in Seattle may be interested in the walkability of various neighborhoods in the Puget Sound area. According to The New York Times, people are more willing to pay more for real estate in areas that are walkable or bike accessible.
There is considered to be a five-step ladder rating system of walkability, and each step up this chart ladder will add about $9 per-square-foot to annual office space rentals, more than $300 per-month for apartment rentals and about $82 per-square-foot to home values. This demand isn’t just for city living; many suburban areas are receiving more demand for walkable conveniences as well. Because each Seattle neighborhood offers something different for its residents, there is something for everyone in the city’s most walkable areas.
This hip Seattle neighborhood ranks on the top of the list of walkable neighborhoods, scoring in the 90s according to 7X7 Seattle. Because this bustling area is tucked just north of the city’s center, and residents can walk to the skyscrapers of downtown Seattle or the culturally rich Pioneer Square within minutes of leaving their apartment. There are countless modern and cultural activities in the area, including diverse restaurants, bars, nightlife, antique stores and art galleries.
The neighborhood where pioneer families first established homes, First Hill, is home to historical homes, beautiful green spaces and some of the most respected medical and research institutes. The Frye Art Museum, Sorrento Hotel, Henry Dearborn’s House and the Stimson-Green Mansion are among the best historical structures in the neighborhood, and are all easy to walk to - if you don't mind hills, that is!
The International District/Chinatown offers an eclectic mix of architecture, cuisine, markets and art. This neighborhood was rated as the No. 3 most walkable area in Seattle, and is also one of the most culturally rich communities.
According to Better Cities and Towns, Arthur C. Nelson at the University of Utah found that the average American spends a combined 57 percent of their incomes in neighborhoods that are dependent on vehicles. This statistic declines drastically to 41 percent in neighborhoods that offer alternative forms of transportation. So although home prices are higher, the cost of eliminating gas and automobile expenses makes walkable communities more appealing.