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Impact of transit stations on house prices across entire price spectrum: A quantile regression approach

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  • Mathur, Shishir

Abstract

This study provides evidence on the impact of a heavy-rail-based transit station on house prices by employing quantile regression method on a dataset that inventories sales transactions of single-family houses during the January 2000–April 2018 period, and within eight kilometers (five miles) of the Warm Springs station of the San Francisco Bay Area Rapid Transit system. The station is located in Fremont, CA. The results show that a) the station increased house prices across the entire price spectrum, and b) the price increase began more than ten years before the rail service commenced. On a larger note, this study should strengthen efforts to a) provide or extend heavy-rail-based rapid transit systems in areas of high need and b) explore the use of value capture tools to fund transit.

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  • Mathur, Shishir, 2020. "Impact of transit stations on house prices across entire price spectrum: A quantile regression approach," Land Use Policy, Elsevier, vol. 99(C).
    • Handle: RePEc:eee:lauspo:v:99:y:2020:i:c:s0264837719323579
    DOI: 10.1016/j.landusepol.2020.104828
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    Cited by:

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    3. Cyprian Chwiałkowski & Adam Zydroń, 2021. "Socio-Economic and Spatial Characteristics of Wielkopolski National Park: Application of the Hedonic Pricing Method," Sustainability, MDPI, vol. 13(9), pages 1-17, April.
    4. Zhuoma Garang & Cifang Wu & Guan Li & Yuefei Zhuo & Zhongguo Xu, 2021. "Spatio-Temporal Non-Stationarity and Its Influencing Factors of Commercial Land Price: A Case Study of Hangzhou, China," Land, MDPI, vol. 10(3), pages 1-27, March.
    5. Pengyu Ren & Zhaoji Li & Weiguang Cai & Lina Ran & Lei Gan, 2021. "Heterogeneity Analysis of Urban Rail Transit on Housing with Different Price Levels: A Case Study of Chengdu, China," Land, MDPI, vol. 10(12), pages 1-15, December.
    6. Yang, Linchuan & Chu, Xiaoling & Gou, Zhonghua & Yang, Hongtai & Lu, Yi & Huang, Wencheng, 2020. "Accessibility and proximity effects of bus rapid transit on housing prices: Heterogeneity across price quantiles and space," Journal of Transport Geography, Elsevier, vol. 88(C).

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