Redfin radius opportunity tool

Redfin announced the creation of Opportunity Score today, a data tool based on their existing Walk Score software that will help Americans find housing with easy access to jobs, reports Redfin contributor Alina Ptaszynski. The software is designed to help consumers find housing that is within a 30 minute commute to work, and includes options for driving, biking, walking and public transit. The available housing is within this commuting distance of jobs that pay more than $40,000 a year. The database includes data about prices for both home purchase and rental options.

Opportunity Score may influence economic mobility, considering that ZIP codes can act as indicators of income.

“We applaud the administration for bringing the technology community to the table to talk about economic mobility in America,” Redfin Chief Economist Nela Richardson said. “We’re hopeful that Opportunity Score and other tools born of this initiative can help people make informed decisions about where they live and give more families the opportunity to thrive. Affordability is a growing challenge, one we see first hand as a real estate brokerage helping people buy and sell home. But the price of a home or the cost of rent is only part of the equation. People want a home where they can have a reasonable commute to work, participate in the community and access opportunities that can provide a better future for their children.”

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