Walkability has become an increasingly important concept in urban planning and real estate research due to its contribution to sustainable mobility, quality of life, and residential attractiveness. This thesis examines whether walkability is capitalised into single-family house prices in the Munich Metropolitan Region and whether these effects vary across different settlement structures. Using approximately 22,000 property transactions from 2007 to 2024, walkability is measured through two amenity-based indices that capture access to everyday destinations within an 800 m walking distance. The second index additionally incorporates amenity diversity. The relationship between walkability and property prices is estimated using hedonic pricing models, including urban–rural comparisons and interaction models based on regional settlement classifications. The results indicate a positive and statistically significant relationship between walkability and residential property values. More walkable locations are associated with higher house prices, suggesting that households are willing to pay a premium for better access to everyday amenities. The estimated effects vary across settlement structures, with the strongest premiums observed in medium-sized urban areas and small-town or rural regions. The broader urban–rural comparison provides only limited evidence of systematic differences. The inclusion of amenity diversity does not materially affect the estimated price effects. Overall, the findings highlight the economic value of accessibility-based walkability and suggest that its capitalisation depends on local spatial context. The study contributes to the growing literature on walkability and housing markets by providing evidence from a large and spatially heterogeneous metropolitan region and offers insights for urban planning, housing policy, and real estate valuation.     «

Walkability has become an increasingly important concept in urban planning and real estate research due to its contribution to sustainable mobility, quality of life, and residential attractiveness. This thesis examines whether walkability is capitalised into single-family house prices in the Munich Metropolitan Region and whether these effects vary across different settlement structures. Using approximately 22,000 property transactions from 2007 to 2024, walkability is measured through two...     »