Tuesday, August 6, 2013

ZipRealty Ranks the Top 10 Most Affordable Places to Live in Boston Without a Car



EMERYVILLE, CA, Aug. 7, 2013 – ZipRealty, Inc. (http://www.ziprealty.com) (NASDAQ: ZIPR), the nation’s most prominent technology powered residential real estate brokerage firm and real estate marketing solutions provider, has teamed up with Walk Score to rank the most affordable places to live in Boston without a car.
Josh Herst
To create the list, ZipRealty analyzed data provided by WalkScore.com, along with ZipRealty’s knowledge of current median home sales prices to produce a carless/affordability ratio.
 The 10 highest-ranked communities have a Walk Score, Bike Score and Transit Score of 60 or higher, which means they meet or exceed the following criteria:
They are “very walkable,” have “good transit” and are “bikeable,” according to Walk Score. Most of the Boston communities reviewed in this study, however, have “excellent transit” options and are a “walker’s paradise.”
WalkScore.com assigns a number between 0 and 100 −with 100 being the highest −to rank the ease of walking, biking or using public transit from an address, whether it’s a single-family home or rental apartment.

To calculate city- or neighborhood-level scores, WalkScore.com calculates the Walk Score of approximately every block across a city or neighborhood and then weights the Walk Score of each point by population density. Therefore, the walkability ranking reflects where people actually reside.

The top 10 most affordable places to live in Boston without a car are listed in the table below:

Rank
Community
Walk Score
Transit Score
Bike Score
Aggregate Score
Median Home Price
1
Allston
86
80
82
83
$280,000
3
Brighton
79
76
62
72
$302,500
3
Jamaica Plain
77
76
85
79
$392,000
4
North End
96
99
76
90
$466,000
5
South Boston
79
64
69
71
$440,250
6
Charlestown
81
73
75
76
$550,000
7
Beacon Hill
97
100
77
91
   $699,000
8
South End
94
95
82
90
   $734,500
9
Downtown
94
100
83
92
   $784,500
10
Back Bay
95
97
88
93
   $895,000

“Walk Score helps people find great neighborhoods to live that are close to the places and people they love and that offer easy access to public transit and shorter commutes,” says Walk Score CEO Josh Herst.
 
"Home shoppers are increasingly looking for places to live where they can be less dependent on their cars,” says Mr. Herst. “The average American spends over $9,000 per year on their car. 
"This is the equivalent of a $135,000 mortgage and the second-largest expense for many households. Moreover, people who live in walkable neighborhoods report being happier and healthier and, on average, way six to 10 pounds less.”
 For a complete copy of the company’s news release, please contact:
Stacey Corso
Public Relations Manager
ZipRealty, Inc.
Office: 510.735.2667
Cell: 415.672.6460
Follow us on Twitter: @ZipRealty



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