Protected bike lanes are good for property values
- Indianapolis (2014): the 1800 properties within 500 ft of 8 mile bike trail up in value by 148%, $1 billion in value
- Dallas: 3.5 mile trail opened in 2006 through Uptown neighborhood, nearby property values up 80%
- Radnor, PA (2011): properties along a 1/4 mile bike trail valued on avg $69k higher
- Minneapolis: every 1,300 ft closer to a separated bike lane increases a property’s value by $510
- Nationally (2009): properties in above average walkability or bikability areas worth $34k more
Source: Active Transportation and Real Estate, Urban Land Institute, 2016