A study conducted by CEOs for Cities suggest that neighborhoods that are accessible to amenities, services, and public transportation by foot, command higher housing prices than those that are not. The website Walkscore.com actually rates neighborhoods from a scale of 1-100 based on their walk-ability.
Conway has an average score of 43 and my apartment has a disapointing score of 5. Meanwhile a friends apartment in Burbank, CA scores an impressive 75.