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The impact of a new light rail system on single-family property values in Charlotte, North Carolina

Author

Listed:
  • Yan, Sisi

    (Environmental Systems Research Institute (ESRI))

  • Delmelle, Eric

    (The University of North Carolina)

  • Duncan, Michael

    (Florida State University)

Abstract

This paper examines the impact of a new light rail system on single-family housing values in Charlotte, North Carolina, from 1997 to 2008. We use a Hedonic Price Analysis (HPA) to estimate how proximity to light rail, housing characteristics, and spatial components (at a block group level) affect single-family housing values. The same method is applied to each of the four time periods (t1, t2, t3, t4) that coincide with the pre-planning, planning, construction, and operation phase of the light rail system. We observe a trend that suggests a greater desirability to live closer to a light rail station as the transit system becomes operational.

Suggested Citation

  • Yan, Sisi & Delmelle, Eric & Duncan, Michael, 2012. "The impact of a new light rail system on single-family property values in Charlotte, North Carolina," The Journal of Transport and Land Use, Center for Transportation Studies, University of Minnesota, vol. 5(2), pages 60-67.
    • Handle: RePEc:ris:jtralu:0082
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    light rail; housing values; Charlotte; North Carolina; Hedonic Price Analysis;
    All these keywords.

    JEL classification:

    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General

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