What Parents Are Really Willing To Pay for a House Close Enough To Walk Kids to School

When families with kids are buying a home, factors such as the number of bedrooms, school district quality, and neighborhood safety are usually top of mind. For many parents, walkability is also key—even if it comes with a higher price tag. According to a new survey by the National Association of Realtors®, 63% of people would pay more for a home in an area that allows them to easily walk to parks, shops, and restaurants.Furthermore, 59% would choose a smaller lot in a walkable neighborhood over a larger one that requires more driving. If you’re a parent considering your next home, living within walking distance of school could be worth the increased cost as it offers a variety of benefits, like time savings on your daily commute and greater independence for your kids.However, it’s up to you to evaluate walkability in a home that piques your interest and determine whether the perks of living near school (as well as parks, restaurants, and other amenities) justify the potential premium you’ll likely pay. How walkability affects home valuesThe NAR survey makes it clear that some buyers, including those with kids, are willing to pay more for walkability. The Realtor.com analysis also ...