Spatial analysis of the relationship between housing values and investments in transportation infrastructure
AbstractThe relationship between residential location, location value and accessibility has been of long interest to regional scientists. Studies investigating the relationship between house price and changes in accessibility, however, have been fewer in number, and predominantly have centered upon the house price impact of fixed rail investments. Neglected have been the impacts of smaller road investments made on a regular basis by municipalities and state departments of transportation. This research therefore reports on the spatial relationship between house price and investment in road-based transportation infrastructure by combining two spatial databases, both centered on Columbus, OH. The first contains information on all single-family detached houses sold in 1990. The second contains detailed spatial and temporal information on all accessibility-changing road investments in the same area, since 1978. Results indicate that while moderate, past, current and approved (but not begun) road investments have distinct and significant impacts on house price. Copyright Springer-Verlag 2004
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Bibliographic InfoArticle provided by Springer in its journal The Annals of Regional Science.
Volume (Year): 38 (2004)
Issue (Month): 4 (December)
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Web page: http://link.springer.de/link/service/journals/00168/index.htm
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Find related papers by JEL classification:
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
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