Nationwide, the report's author's found homes located near "active" transportation are worth an additional $34,000.
The report titled "Active Transportation and Real Estate: The Next Frontier", studied ten communities in the U.S.. In Indianapolis, the six year old Cultural Trail created an increase in nearby residential values of a whopping 148 percent. Authors cited graded paths, protective posts and “bicycle boulevards” as reasons for the popularity of the surrounding neighborhoods.
Used for commuting and also for recreation, the report stated a bicycle infrastructure contributes to overall better health, fewer greenhouse gas emissions and reduced use of fossil fuels.
For more information about Cape Cod Bike Trails, with downloadable maps, visit the Cape Cod Chamber of Commerce here.
And to experience Cape Cod biking from your easy chair, enjoy this video by Kinlin Grover Real Estate and Paul Freehauf Productions.