Homebuyers Pay More to Walk

Americans may love their cars. But they also love to live within walking distance of a good cup of coffee or a quart of milk -- and they're willing to pay for it.

Pedestrian-friendly cities have survived the bust better than cities where the average house is a long walk from services, according to an analysis of Standard & Poor's Case-Shiller Home Price Indices.

We split the list of 20 metro regions covered by Case-Shiller in half, using data from WalkScore.com, which rates the 'walkability' of cities, or average distance to stores, parks and amenities. The ten least walkable cities on Case-Shiller suffered price drops of more than a third.

Prices in the ten most walkable cities have dropped by less than a quarter overall since June 2006.