Housing and transportation are the two biggest expenses for average households in the United States, and geographic location has a significant impact on these costs. But living in areas with affordable housing and transportation is not enough to assure that children will thrive. They must also have access to opportunity.
Is a home worth an $850 price premium for each additional Walk Score point? That’s the value that Emily Washington and Eli Dourado came up with using a fixed-effects model to analyze home sales across all metro and micropolitan areas in the U.S. Even with their price premium, however, homes in walkable urban neighborhoods often can end up cheaper than their suburban counterparts.