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

  • Yan, Sisi

    (Environmental Systems Research Institute (ESRI))

  • Delmelle, Eric

    ()

    (The University of North Carolina)

  • Duncan, Michael

    ()

    (Florida State University)

Registered author(s):

    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.

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    Article provided by Center for Transportation Studies, University of Minnesota in its journal The Journal of Transport and Land Use.

    Volume (Year): 5 (2012)
    Issue (Month): 2 ()
    Pages: 60-67

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    Handle: RePEc:ris:jtralu:0082
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