Atlanta’s Investment in Bike Paths Is Impacting Its Housing Market

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June 03, 2015

A property’s value rises when it is near a bike trail, and a study out of the University of Cincinnati found that homebuyers were willing to pay a premium of up to $9,000 to be within 1,000 feet of a bike path.

Two years ago, Atlanta’s mayor pledged to invest more than $2 million in biking infrastructure, and the city plans to double its miles of bike lanes by 2016, The Atlanta Business Journal Chronicle reports.

The trend toward more bike trails for commuting instead of recreational use isn’t contained in Atlanta’s urban core – the communities of Decatur, Peachtree City, and Roswell in the metro area have also received the designation of “Bicycle Friendly Community” from the League of American Bicyclists.

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