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Measuring the impact of sub-urban transit-oriented developments on single-family home values

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  • Mathur, Shishir
  • Ferrell, Christopher

Abstract

This paper provides evidence on the impact of a sub-urban transit-oriented development (TOD) on surrounding single-family home prices. Using a dataset that inventories single-family home sale transactions surrounding Ohlone Chenyoweth TOD in San Jose, CA, the paper employs hedonic regression to estimate the effect of the TOD on home prices.

Suggested Citation

  • Mathur, Shishir & Ferrell, Christopher, 2013. "Measuring the impact of sub-urban transit-oriented developments on single-family home values," Transportation Research Part A: Policy and Practice, Elsevier, vol. 47(C), pages 42-55.
    • Handle: RePEc:eee:transa:v:47:y:2013:i:c:p:42-55
    DOI: 10.1016/j.tra.2012.10.014
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    Cited by:

    1. Liu, Xueli & Jiang, Chunxia & Wang, Feng & Yao, Shujie, 2021. "The impact of high-speed railway on urban housing prices in China: A network accessibility perspective," Transportation Research Part A: Policy and Practice, Elsevier, vol. 152(C), pages 84-99.
    2. Yen, Barbara T.H. & Mulley, Corinne & Shearer, Heather & Burke, Matthew, 2018. "Announcement, construction or delivery: When does value uplift occur for residential properties? Evidence from the Gold Coast Light Rail system in Australia," Land Use Policy, Elsevier, vol. 73(C), pages 412-422.
    3. Dehui Shi & Meichen Fu, 2022. "How Does Rail Transit Affect the Spatial Differentiation of Urban Residential Prices? A Case Study of Beijing Subway," Land, MDPI, vol. 11(10), pages 1-19, October.
    4. Mitra, Suman K. & Saphores, Jean-Daniel M., 2016. "The value of transportation accessibility in a least developed country city – The case of Rajshahi City, Bangladesh," Transportation Research Part A: Policy and Practice, Elsevier, vol. 89(C), pages 184-200.
    5. Liaqat Ali & Ahsan Nawaz & Shahid Iqbal & Muhammad Aamir Basheer & Javaria Hameed & Gadah Albasher & Syyed Adnan Raheel Shah & Yong Bai, 2021. "Dynamics of Transit Oriented Development, Role of Greenhouse Gases and Urban Environment: A Study for Management and Policy," Sustainability, MDPI, vol. 13(5), pages 1-14, February.
    6. Dubé, Jean & Legros, Diègo & Thériault, Marius & Des Rosiers, François, 2014. "A spatial Difference-in-Differences estimator to evaluate the effect of change in public mass transit systems on house prices," Transportation Research Part B: Methodological, Elsevier, vol. 64(C), pages 24-40.
    7. McIntosh, James & Trubka, Roman & Newman, Peter, 2014. "Can value capture work in a car dependent city? Willingness to pay for transit access in Perth, Western Australia," Transportation Research Part A: Policy and Practice, Elsevier, vol. 67(C), pages 320-339.
    8. Ibraeva, Anna & Correia, Gonçalo Homem de Almeida & Silva, Cecília & Antunes, António Pais, 2020. "Transit-oriented development: A review of research achievements and challenges," Transportation Research Part A: Policy and Practice, Elsevier, vol. 132(C), pages 110-130.
    9. Aliyu Ahmad Aliyu & Olurotimi Adebowale Kemiki & Muhammad Umar Bello, 2018. "Transportation Accessibility Benefit and the Dynamic Pattern of Real Estate Prices: Emerging Literature," Traektoriâ Nauki = Path of Science, Altezoro, s.r.o. & Dialog, vol. 4(11), pages 1001-1016, November.
    10. Bin-Nun, Amitai Y. & Binamira, Isabel, 2020. "A framework for the impact of highly automated vehicles with limited operational design domains," Transportation Research Part A: Policy and Practice, Elsevier, vol. 139(C), pages 174-188.
    11. Kay, Andrew I. & Noland, Robert B. & DiPetrillo, Stephanie, 2014. "Residential property valuations near transit stations with transit-oriented development," Journal of Transport Geography, Elsevier, vol. 39(C), pages 131-140.
    12. Papa, Enrica & Bertolini, Luca, 2015. "Accessibility and Transit-Oriented Development in European metropolitan areas," Journal of Transport Geography, Elsevier, vol. 47(C), pages 70-83.
    13. Puustinen, Tuulia & Pennanen, Kyösti & Falkenbach, Heidi & Viitanen, Kauko, 2018. "The distribution of perceived advantages and disadvantages of infill development among owners of a commonhold and its’ implications," Land Use Policy, Elsevier, vol. 75(C), pages 303-313.
    14. AlQuhtani, Saad & Anjomani, Ardeshir, 2019. "Do rail transit stations affect housing value changes? The Dallas Fort-Worth metropolitan area case and implications," Journal of Transport Geography, Elsevier, vol. 79(C), pages 1-1.
    15. Zhong, Haotian & Li, Wei, 2016. "Rail transit investment and property values: An old tale retold," Transport Policy, Elsevier, vol. 51(C), pages 33-48.
    16. Qing Shen & Simin Xu & Jiang Lin, 2018. "Effects of bus transit-oriented development (BTOD) on single-family property value in Seattle metropolitan area," Urban Studies, Urban Studies Journal Limited, vol. 55(13), pages 2960-2979, October.
    17. Deboosere, Robbin & El-Geneidy, Ahmed M. & Levinson, David, 2018. "Accessibility-oriented development," Journal of Transport Geography, Elsevier, vol. 70(C), pages 11-20.
    18. Koen van Ruijven & Paul Verstraten & Peter Zwaneveld, 2019. "Transit-oriented developments and residential property values," CPB Discussion Paper 399, CPB Netherlands Bureau for Economic Policy Analysis.
    19. Nilsson, Isabelle & Delmelle, Elizabeth, 2018. "Transit investments and neighborhood change: On the likelihood of change," Journal of Transport Geography, Elsevier, vol. 66(C), pages 167-179.
    20. Sun, Yu & Cui, Yin, 2018. "Evaluating the coordinated development of economic, social and environmental benefits of urban public transportation infrastructure: Case study of four Chinese autonomous municipalities," Transport Policy, Elsevier, vol. 66(C), pages 116-126.
    21. Aliyu Ahmad Aliyu & Olurotimi Adebowale Kemiki & Muhammad Umar Bello, 2018. "Analysis of Current Empirical Studies on Transport Value-Added Effect and Proximate Housing Price Capture," Traektoriâ Nauki = Path of Science, Altezoro, s.r.o. & Dialog, vol. 4(12), pages 1001-1020, December.
    22. Koen van Ruijven & Paul Verstraten & Peter Zwaneveld, 2019. "Transit-oriented developments and residential property values," CPB Discussion Paper 399.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
    23. Gjestland, Arnstein & McArthur, David Philip & Osland, Liv & Thorsen, Inge, 2014. "The suitability of hedonic models for cost-benefit analysis: Evidence from commuting flows," Transportation Research Part A: Policy and Practice, Elsevier, vol. 61(C), pages 136-151.
    24. Amnon Frenkel & Sigal Kaplan, 2015. "The joint choice of tenure, dwelling type, size and location: the effect of home-oriented versus culture-oriented lifestyle," Letters in Spatial and Resource Sciences, Springer, vol. 8(3), pages 233-251, November.
    25. Comber, Sam & Arribas-Bel, Dani, 2017. "“Waiting on the train”: The anticipatory (causal) effects of Crossrail in Ealing," Journal of Transport Geography, Elsevier, vol. 64(C), pages 13-22.

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