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The Impact of Transit Corridors on Residential Property Values

The Journal of real estate research, 2007-07, Vol.29 (3), p.303-320 [Peer Reviewed Journal]

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Title:
The Impact of Transit Corridors on Residential Property Values
Author: Kilpatrick, John A. ; Throupe, Ronald L. ; Carruthers, John I. ; Krause, Andrew
Subjects: Central business districts ; Datasets ; Dwelling value ; Economic value ; Empirical research ; Homes ; Housing ; Housing prices ; Impact analysis ; Light rail transit ; Light rail transportation ; Mass transit ; Negative externalities ; Neighborhoods ; Property values ; Public transportation ; Railways ; Real estate ; Rentals ; Residential buildings ; Roads ; Studies ; Transportation planning ; Tunnels ; Value
Is Part Of: The Journal of real estate research, 2007-07, Vol.29 (3), p.303-320
Description: Most of the literature on transit corridors, such as superhighways and tunnels, focuses on the positive externality of transit access (e.g., interstate access, transit station) and fails to isolate the negative externality of the corridor itself. This empirical study examines two situations: one with both access benefits and negatives, and another without the access benefit. The findings reveal that proximity to the transit corridor alone without direct access conveys a negative impact on nearby housing values.
Publisher: Clemson: The American Real Estate Society
Language: English
Identifier: ISSN: 0896-5803
EISSN: 2691-1175
DOI: 10.1080/10835547.2007.12091201
Source: ProQuest Central

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