• CMG MORTGAGE, INC. NMLS #1820

Benefits of More Walkable Neighborhoods

  • January 18, 2017

As the car-centric world starts shifting toward the walkability trend, neighborhoods are seeing property values rise and quality of life improve.  Enabling pedestrianization of a neighborhood is the first step toward urban renewal, commitment to a better environment, and a revamped sense of community. 

Some of the biggest benefits of more walkable neighborhoods include:

1.     Improved Health

A 30-minute walk can burn 100 calories or for every 12 blocks or so walked a day, the risk of obesity drops 4.8%. 

2.     Traffic Safety

More pedestrians encourage better street design, reduced speed limits, and safer crosswalks.

3.     Sense of Community

Neighborhoods with heavy foot traffic have less litter and some even see a decline in crime because residents spend more time walking around and contributing.

4.     Stimulates the Economy

Walkers spend as much as 65% more than drivers zooming by shop windows.  Fast Company reports that biking and walking provide an estimated ROI of $11.80 for every $1 invested.  Converting one Brooklyn parking lot into a pedestrian plaza boosted retail sales 172%.

5.     Promotes Sustainability

A Canadian study reported that driving one less day a week can reduce greenhouse gas emission as much as 3.8 million tons each year.  On a no-car day in Paris, the city reduced smog by 40%.

A more walkable neighborhood inspires civic responsibility and engages members of the community.

 

Sources: Fast Company, Arup 

 

CMG Image
© CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. For information about our company, please visit us at www.cmgfi.com. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and NMLS Consumer Access (www.nmlsconsumeraccess.org).