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Effects of Trails and Greenways on Property Values


Examining the effects trails and greenways have on the value of surrounding properties and some possible resources people can use to educate communities about them.


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Before you search elsewhere, take advantage of the research we've already done for you. Formerly known as Field Guides, References tabs contain links to external articles, titles from the NAR Library eBooks collection, websites, statistics, and other material to provide a comprehensive overview of perspectives on each topic. EBSCO articles (E) are available only to NAR members and require a password.

Information on

Game-Changing Rails to Trails, (Spaces to Places Blog, National Association of REALTORS®, Aug. 16, 2017)

Bike Lanes: Build them and They will Come, (Spaces to Places Blog, National Association of REALTORS®, Jan. 11, 2017)

Trail Towns Grow Communities, (Spaces to Places Blog, National Association of REALTORS®, Aug. 24, 2016)

Alternative Transportation Spurs Development, (National Association of REALTORS®, June 10, 2015)

Transform an Unused Railroad Corridor into a Lively Trail, (Spaces to Places Blog, National Association of REALTORS®, Apr. 8, 2015)

Placemaking in Action: Community and Public/Private Placemaking, (National Association of REALTORS®, Mar. 25, 2015)

Complete Streets for All Travelers, (National Association of REALTORS®, June 13, 2014)

Working on the Rail-Trail, (REALTOR® Magazine, Apr. 2014)

A New Generation of Bikeways, (National Association of REALTORS®, Feb 8, 2013)

General Information

Urban trails are great. Let’s make sure they work for everyone, (Metroplanning Blog, Aug. 30, 2017)

A Bike Path for the Entire East Coast, (Citylab Blog, June 28, 2016)

Measuring Trails Benefits: Property Value, (Headwaters Economics, Apr. 27, 2016)

Trail-Oriented Development: The Next Frontier in People-Friendly Design, (Urban Land, Apr. 25, 2016)

Wheel Estate: Bike Paths Lift Home Values, (RIS Media, Apr. 13, 2016)

The Economic Impact of Greenways and Multi-Use Trails, (Headwaters Economics, Aug. 2015)

Urban bike trails in cities like Indianapolis, Dallas and Atlanta are proving to have rich economic benefits to city neighborhoods, (Transportation for America, Aug. 31, 2015)

Norristown 'greenway' study focuses on improving Stony Creek, Saw Mill Run, (Montgomery Media, July 23, 2015)

Another section of Greenway complete in Roanoke, (WSLS, July 22, 2015)

Benefits justify spending on hiking and biking trails, (Columbus Biz Insider, July 22, 2015)

Charlotte Trail About Recreation And Economic Development, (WFAR, Charlotte’s NPR News SourceCross, July 21, 2015)

Michael Swan: Building connected communities one foot at a time, (The Joplin Globe, July 19, 2015)

Greenway trails could bring tourists to Coastal Georgia, improve health of residents, (The Florida Times-Union, July 15, 2015)

The Bloomingdale Trail Is Already Affecting Local Real Estate, (Chicago Magazine, Apr. 24, 2015)

Rock Island Trail: What is the value of rail trails to trail neighbors and communities?, (Missouri Bicycle and Pedestrian Federation, Feb. 19, 2015)

The Economic Benefits of Greenspace, (The Trust for Public Land, Sept. 11, 2014)

Appraising Railroad Corridors for Recreational Trail Use, (The Appraisal Journal, Summer 2014) E

The Bike Path: Smart Cities' Latest Amenity, (National Real Estate Investor, Feb 6, 2014)

Understanding the impact of trails on residential property values in the presence of spatial dependence, (The Annals of Regional Science, Oct. 2013) E

Rails to Trails: A Train Wreck for Property Owners, (Reason, Oct. 27, 2013)

Bike Lanes & Property Values: Is There a Correlation?, (Atlanta Curbed, Aug. 8, 2013)

Adding Value to Your Community, (Virginia Department of Conservation & Recreation, June 21, 2013)

Do Bike Lanes Impact Housing Values?, (Streets MN, June 10, 2013)

Realtors Using Pedal Power To Sell Homes, (Forbes, May 24, 2013)


Bicycling and Walking in the United States: 2016 Benchmarking Report

The Economic Benefits of Bicycle- and Pedestrian-based Tourism, and the Economic Impacts of Trail Development, (American Trails).

Rails to Trails

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