IDEAS home Printed from https://ideas.repec.org/a/eee/trapol/v107y2021icp52-60.html
   My bibliography  Save this article

Same, same but different? Neighbourhood effects of accessibility on housing prices

Author

Listed:
  • Bohman, Helena

Abstract

A growing research literature is focusing on how effects from increased accessibility may differ according to socio-economic aspects of neighbourhoods and households. This has raised concerns of whether areas with high accessibility may became unaffordable for low-income households, who, at the same time, may depend on public transport accessibility more than average households. We use difference-in-difference estimates of hedonic price models to study the distribution of effects around the new stations provided by a railway tunnel in Malmö, Sweden. The study finds that the lower-price segments are the most affected by the improved accessibility, which becomes clearer when different control groups are used for different market segments. Accessibility is therefore interpreted as highly important for households in the lower-price segments. From a housing accessibility perspective, this is described as a double-edged sword. On the one hand, the owners of the apartments in these neighbourhoods, who benefit from the price increase, are typically low-income households. On the other hand, low-income households who are not owners may find the area prohibitively expensive due to price increases. Tenure of the catchment area is thus an important factor in understanding the distributional effects of accessibility. Integrating transport and housing-related planning, and specifically addressing the issue of affordability in early assessments, are therefore recommended.

Suggested Citation

  • Bohman, Helena, 2021. "Same, same but different? Neighbourhood effects of accessibility on housing prices," Transport Policy, Elsevier, vol. 107(C), pages 52-60.
    • Handle: RePEc:eee:trapol:v:107:y:2021:i:c:p:52-60
    DOI: 10.1016/j.tranpol.2021.04.016
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0967070X21001116
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.tranpol.2021.04.016?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Martin Grander, 2017. "New public housing: a selective model disguised as universal? Implications of the market adaptation of Swedish public housing," International Journal of Housing Policy, Taylor & Francis Journals, vol. 17(3), pages 335-352, July.
    2. Dziauddin, Mohd Faris, 2019. "Estimating land value uplift around light rail transit stations in Greater Kuala Lumpur: An empirical study based on geographically weighted regression (GWR)," Research in Transportation Economics, Elsevier, vol. 74(C), pages 10-20.
    3. Mayer, Thierry & Trevien, Corentin, 2017. "The impact of urban public transportation evidence from the Paris region," Journal of Urban Economics, Elsevier, vol. 102(C), pages 1-21.
    4. Hasnine, Md Sami & Habib, Khandker Nurul, 2020. "Transportation demand management (TDM) and social justice: A case study of differential impacts of TDM strategies on various income groups," Transport Policy, Elsevier, vol. 94(C), pages 1-10.
    5. repec:hal:spmain:info:hdl:2441/6d427am2i18m5a5elpijpm1e8l is not listed on IDEAS
    6. Miguel Padeiro & Ana Louro & Nuno Marques da Costa, 2019. "Transit-oriented development and gentrification: a systematic review," Transport Reviews, Taylor & Francis Journals, vol. 39(6), pages 733-754, November.
    7. Knudsen, M.Aa. & Rich, J., 2013. "Ex post socio-economic assessment of the Oresund Bridge," Transport Policy, Elsevier, vol. 27(C), pages 53-65.
    8. Nilsson, Isabelle & Schuch, Johanna C. & Delmelle, Elizabeth C. & Canales, Kristine L., 2020. "Should I stay or should I go? A survey analysis of neighborhood change and residential mobility concerns around new light rail stations in Charlotte, NC," Journal of Transport Geography, Elsevier, vol. 86(C).
    9. Andersson, David Emanuel & Shyr, Oliver F. & Fu, Johnson, 2010. "Does high-speed rail accessibility influence residential property prices? Hedonic estimates from southern Taiwan," Journal of Transport Geography, Elsevier, vol. 18(1), pages 166-174.
    10. Tveter, Eivind & Welde, Morten & Odeck, James, 2017. "Do Fixed Links Affect Settlement Patterns: A Synthetic Control Approach," Research in Transportation Economics, Elsevier, vol. 63(C), pages 59-72.
    11. Mohammad, Sara I. & Graham, Daniel J. & Melo, Patricia C. & Anderson, Richard J., 2013. "A meta-analysis of the impact of rail projects on land and property values," Transportation Research Part A: Policy and Practice, Elsevier, vol. 50(C), pages 158-170.
    12. Marianne Bertrand & Esther Duflo & Sendhil Mullainathan, 2004. "How Much Should We Trust Differences-In-Differences Estimates?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(1), pages 249-275.
    13. Pasha, Obed & Wyczalkowski, Chris & Sohrabian, Dro & Lendel, Iryna, 2020. "Transit effects on poverty, employment, and rent in Cuyahoga County, Ohio," Transport Policy, Elsevier, vol. 88(C), pages 33-41.
    14. Bohman, Helena & Nilsson, Désirée, 2016. "The impact of regional commuter trains on property values: Price segments and income," Journal of Transport Geography, Elsevier, vol. 56(C), pages 102-109.
    15. Casey Dawkins & Rolf Moeckel, 2016. "Transit-Induced Gentrification: Who Will Stay, and Who Will Go?," Housing Policy Debate, Taylor & Francis Journals, vol. 26(4-5), pages 801-818, September.
    16. Martin Grander, 2017. "New public housing: a selective model disguised as universal? Implications of the market adaptation of Swedish public housing," European Journal of Housing Policy, Taylor and Francis Journals, vol. 17(3), pages 335-352, July.
    17. Sven-Olov Daunfeldt & Oana Mihaescu & Helena Nilsson & Niklas Rudholm, 2017. "What happens when IKEA comes to town?," Regional Studies, Taylor & Francis Journals, vol. 51(2), pages 313-323, February.
    18. Bowes, David R. & Ihlanfeldt, Keith R., 2001. "Identifying the Impacts of Rail Transit Stations on Residential Property Values," Journal of Urban Economics, Elsevier, vol. 50(1), pages 1-25, July.
    19. Ghebreegziabiher Debrezion & Eric Pels & Piet Rietveld, 2007. "The Impact of Railway Stations on Residential and Commercial Property Value: A Meta-analysis," The Journal of Real Estate Finance and Economics, Springer, vol. 35(2), pages 161-180, August.
    20. Joachim Zietz & Emily Zietz & G. Sirmans, 2008. "Determinants of House Prices: A Quantile Regression Approach," The Journal of Real Estate Finance and Economics, Springer, vol. 37(4), pages 317-333, November.
    21. Coulombel, Nicolas, 2018. "Why housing and transport costs should always be considered together: A monocentric analysis of prudential measures in housing access," Transport Policy, Elsevier, vol. 65(C), pages 89-105.
    22. 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.
    23. Liao, Wen-Chi & Wang, Xizhu, 2012. "Hedonic house prices and spatial quantile regression," Journal of Housing Economics, Elsevier, vol. 21(1), pages 16-27.
    24. Michael C. Farmer & Clifford A. Lipscomb, 2010. "Using Quantile Regression in Hedonic Analysis to Reveal Submarket Competition," Journal of Real Estate Research, American Real Estate Society, vol. 32(4), pages 435-460.
    25. Christopher D. Higgins & Pavlos S. Kanaroglou, 2016. "Forty years of modelling rapid transit’s land value uplift in North America: moving beyond the tip of the iceberg," Transport Reviews, Taylor & Francis Journals, vol. 36(5), pages 610-634, September.
    26. Mulley, Corinne & Tsai, Chi-Hong (Patrick), 2016. "When and how much does new transport infrastructure add to property values? Evidence from the bus rapid transit system in Sydney, Australia," Transport Policy, Elsevier, vol. 51(C), pages 15-23.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jin, Tanhua & Cheng, Long & Liu, Zhicheng & Cao, Jun & Huang, Haosheng & Witlox, Frank, 2022. "Nonlinear public transit accessibility effects on housing prices: Heterogeneity across price segments," Transport Policy, Elsevier, vol. 117(C), pages 48-59.
    2. Yang, Ziqi & Li, Xinghua & Guo, Yuntao & Qian, Xinwu, 2023. "Understanding active transportation accessibility's impacts on polycentric and monocentric cities' housing price," Research in Transportation Economics, Elsevier, vol. 98(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bohman, Helena & Nilsson, Désirée, 2016. "The impact of regional commuter trains on property values: Price segments and income," Journal of Transport Geography, Elsevier, vol. 56(C), pages 102-109.
    2. Zhang, Min, 2023. "Value uplift from transit investment-Property value or land value? A case study of the Gold Coast light rail system in Australia," Transport Policy, Elsevier, vol. 132(C), pages 88-98.
    3. Li, Jianyi & Huang, Hao, 2020. "Effects of transit-oriented development (TOD) on housing prices: A case study in Wuhan, China," Research in Transportation Economics, Elsevier, vol. 80(C).
    4. Yang, Linchuan & Chau, K.W. & Wang, Xu, 2019. "Are low-end housing purchasers more willing to pay for access to basic public services? Evidence from China," Research in Transportation Economics, Elsevier, vol. 76(C).
    5. Forouhar, Amir, 2022. "Rail transit station and neighbourhood change: A mixed-method analysis with respect to neighbourhood context," Journal of Transport Geography, Elsevier, vol. 102(C).
    6. Rémy Le Boennec & Julie Bulteau & Thierry Feuillet, 2022. "The role of commuter rail accessibility in the formation of residential land values: exploring spatial heterogeneity in peri-urban and remote areas," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 69(1), pages 163-186, August.
    7. Murakami, Jin & Villani, Caterina & Talamini, Gianni, 2021. "The capital value of pedestrianization in Asia's commercial cityscape: Evidence from office towers and retail streets," Transport Policy, Elsevier, vol. 107(C), pages 72-86.
    8. Zhang, Min & Yen, Barbara T.H. & Mulley, Corinne & Sipe, Neil, 2020. "An investigation of the open-system Bus Rapid Transit (BRT) network and property values: The case of Brisbane, Australia," Transportation Research Part A: Policy and Practice, Elsevier, vol. 134(C), pages 16-34.
    9. 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.
    10. Zhang, Min & Yen, Barbara T.H., 2020. "The impact of Bus Rapid Transit (BRT) on land and property values: A meta-analysis," Land Use Policy, Elsevier, vol. 96(C).
    11. Nilsson, Isabelle & Schuch, Johanna C. & Delmelle, Elizabeth C. & Canales, Kristine L., 2020. "Should I stay or should I go? A survey analysis of neighborhood change and residential mobility concerns around new light rail stations in Charlotte, NC," Journal of Transport Geography, Elsevier, vol. 86(C).
    12. Elina Sukaryavichute & Elizabeth Delmelle & Colleen Hammelman, 2021. "Opportunities and challenges for small businesses in new transit neighborhoods: Understanding impacts through in‐depth interviews," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(3), pages 1025-1041, June.
    13. Fei Li & Christopher Kajetan Wyczalkowski, 2023. "How buses alleviate unemployment and poverty: Lessons from a natural experiment in Clayton County, GA," Urban Studies, Urban Studies Journal Limited, vol. 60(13), pages 2632-2650, October.
    14. Shadi O. Tehrani & Shuling J. Wu & Jennifer D. Roberts, 2019. "The Color of Health: Residential Segregation, Light Rail Transit Developments, and Gentrification in the United States," IJERPH, MDPI, vol. 16(19), pages 1-19, September.
    15. Li, Zheng, 2018. "The impact of metro accessibility on residential property values: An empirical analysis," Research in Transportation Economics, Elsevier, vol. 70(C), pages 52-56.
    16. Elizabeth Delmelle & Isabelle Nilsson, 2020. "New rail transit stations and the out-migration of low-income residents," Urban Studies, Urban Studies Journal Limited, vol. 57(1), pages 134-151, January.
    17. Tornabene, Sara & Nilsson, Isabelle, 2021. "Rail transit investments and economic development: Challenges for small businesses," Journal of Transport Geography, Elsevier, vol. 94(C).
    18. Amir Forouhar & Mahnoosh Hasankhani, 2018. "The effect of Tehran metro rail system on residential property values: A comparative analysis between high-income and low-income neighbourhoods," Urban Studies, Urban Studies Journal Limited, vol. 55(16), pages 3503-3524, December.
    19. Paliska, Dejan & Drobne, Samo, 2020. "Impact of new motorway on housing prices in rural North-East Slovenia," Journal of Transport Geography, Elsevier, vol. 88(C).
    20. Jonas Eliasson & Fredrik Kopsch & Svante Mandell & Mats Wilhelmsson, 2020. "Transport Mode and the Value of Accessibility–A Potential Input for Sustainable Investment Analysis," Sustainability, MDPI, vol. 12(5), pages 1-14, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:trapol:v:107:y:2021:i:c:p:52-60. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/30473/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.