NAR Study: Transportation Important to Buyers
The 2023 Community & Transportation Preferences Survey finds strong “walkability” demand: 4 out of 5 want an “easy walk” to parks, shops and public transport.
WASHINGTON – The National Association of Realtors®’ (NAR) new once-every-three-year survey finds that Americans living in walkable communities report a higher quality of life.
The 2023 Community & Transportation Preferences Survey is a national poll taken to gauge people’s partialities regarding their home’s location or potential location as well as community attributes they find desirable.
“With COVID in our rearview mirror, this study shows that a substantial demand for walkability persists for Americans of all ages,” says NAR President Kenny Parcell. “NAR has conducted community preference surveys for over 20 years, providing Realtor and their communities with valuable information on shifting American lifestyles and migration trends. To help local communities and Realtor associations improve the places they live, NAR generates this survey and makes the results available to all.”
Buyers’ walkability considerations
- 79% said being within an easy walk of other places and things, such as shops and parks, is very/somewhat important. 78% of those people said they’d be willing to pay more to live in a walkable community.
- 85% said sidewalks and places to walk are very/somewhat important.
- 65% said having public transport nearby is very/somewhat important.
- 56% said they would prefer a house with a small yard if they had the ability to walk places vs. 44% who would prefer a large yard even if they had to drive most places.
- 53% prefer an attached dwelling (own or rent a townhouse/condo/apartment) that enabled them to walk to shops and restaurants, with a short commute to work, vs. 47% who would prefer a single-family home (own or rent) that requires them to drive most places and have a longer commute to work.
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