Smart Growth Developments Enjoy Stronger Resale Appreciation

Posted: March 3, 2011 in Complete Streets, New Urbanism, Urban Design, Urban Lifestyle

According to an EPA study, homes in smart growth communities enjoy better resale value than your typical suburban home.  This is consistent with studies that show that homes in older traditional neighborhoods of our cities also have held their own better than suburban sprawl neighborhoods during the recent housing downturn. See article here:

EPA: Smart Growth Developments Enjoy Stronger Resale Appreciation.

This makes sense if you think about it. Smart growth neighborhoods and traditional neighborhoods just feel better as an environment that fosters more community. When you can walk to the store, you are less likely to use your car, and more likely to encounter your neighbors.

Visit a local traditional neighborhood like Edgewood in Homewood, here in the Birmingham metro and take a walk around. You will quickly see what I mean!

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