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Transportation Accessibility, Housing Investments, and Housing Prices: Application of Hedonic Price Model in Des Moines, Iowa

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  • Ahasan, Rakibul

    (Texas A&M University)

Abstract

Affordable housing provision has been a challenge in the United States over the past years. As housing prices increase, a high number of people cannot afford to have their housing, and most residents can only afford to live in apartments in rental areas. This problem becomes more substantial for low-income people, who cannot afford to live near their workplace. Due to this spatial mismatch, these low-income people are forced to commute longer to reach their workplaces every morning in the city of Des Moines. This highlights the importance of proximity and access to the public transport system in the city. This study examined the relationship between investments in affordable housing by a non-profit organization, proximity to public transit, and housing prices in the City of Des Moines, in 2000 and 2018.

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  • Ahasan, Rakibul, 2019. "Transportation Accessibility, Housing Investments, and Housing Prices: Application of Hedonic Price Model in Des Moines, Iowa," SocArXiv ghdx4, Center for Open Science.
    • Handle: RePEc:osf:socarx:ghdx4
    DOI: 10.31219/osf.io/ghdx4
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    References listed on IDEAS

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    1. Mulley, Corinne & Ma, Liang & Clifton, Geoffrey & Yen, Barbara & Burke, Matthew, 2016. "Residential property value impacts of proximity to transport infrastructure: An investigation of bus rapid transit and heavy rail networks in Brisbane, Australia," Journal of Transport Geography, Elsevier, vol. 54(C), pages 41-52.
    2. Chengri Ding & Robert Simons & Esmail Baku, 2000. "The Effect of Residential Investment on Nearby Property Values: Evidence from Cleveland, Ohio," Journal of Real Estate Research, American Real Estate Society, vol. 19(1), pages 23-48.
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