It definitely is. Kids bike down my street every day, though much more on weekends, I think because most schools near me don’t allow walking or biking to/fro anymore. Some kids getting run down on rural roads because they’ve been paved and turned into highways made it too unsafe for many kids to walk or bike to school, and it was too big a headache to have selective rules.
I’m in a suburban area between rural and city where kids don’t have to worry about high speed traffic or much violent crime, so kids are still free-range here. They videogame, too, of course.