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The impacts of an urban light rail system on residential property values: a case study of the Houston METRORail transit line

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  • Qisheng Pan

Abstract

Though the impact of rail transit service on property values has been investigated for transit rail lines in a number of cities, the effects of the Houston light rail transit (LRT) line have not been examined since it began service. This study utilizes the 2007 InfoUSA household data-sets to analyze the impacts of the Houston's LRT line on residential property values. In addition to the traditional ordinary linear regression models that have been widely used in transit impact studies, a multi-level regression model is adopted in this study to identify the effects of the METRORail on the Main Street Corridor. The results from both models suggest that the opening of the light rail has had significant net positive effects on some residential property values. However, immediate proximity to light rail stations and bus stops has significant negative impacts on properties located within a quarter mile of rail stops.

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  • Qisheng Pan, 2013. "The impacts of an urban light rail system on residential property values: a case study of the Houston METRORail transit line," Transportation Planning and Technology, Taylor & Francis Journals, vol. 36(2), pages 145-169, April.
    • Handle: RePEc:taf:transp:v:36:y:2013:i:2:p:145-169
    DOI: 10.1080/03081060.2012.739311
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    1. Landis, John & Loutzenheiser, David, 1995. "BART Access and Office Building Performance," University of California Transportation Center, Working Papers qt6pn3g1kk, University of California Transportation Center.
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    Cited by:

    1. Zheng Chang & Mi Diao, 2022. "Inter-city transport infrastructure and intra-city housing markets: Estimating the redistribution effect of high-speed rail in Shenzhen, China," Urban Studies, Urban Studies Journal Limited, vol. 59(4), pages 870-889, March.
    2. (Giancarlo) Falcocchio, John C. & Malik, Awais & Kontokosta, Constantine E., 2018. "A data-driven methodology for equitable value-capture financing of public transit operations and maintenance," Transport Policy, Elsevier, vol. 66(C), pages 107-115.
    3. Wei He & Ruqing Zhao & Shu Gao, 2024. "Exploring the Impact of Multimodal Access on Property and Land Economies in Shanghai’s Inner Ring Districts: Leveraging Advanced Spatial Analysis Techniques," Land, MDPI, vol. 13(3), pages 1-19, February.
    4. Hao Wu & David Levinson, 2020. "Unifying Access," Working Papers 2022-01, University of Minnesota: Nexus Research Group.
    5. Saad AlQuhtani & Ardeshir Anjomani, 2021. "Do Rail Transit Stations Affect the Population Density Changes around Them? The Case of Dallas-Fort Worth Metropolitan Area," Sustainability, MDPI, vol. 13(6), pages 1-21, March.
    6. Sangwan Lee, 2022. "An In-Depth Understanding of the Residential Property Value Premium of a Bikesharing Service in Portland, Oregon," Land, MDPI, vol. 11(9), pages 1-16, August.
    7. Kay, Andrew I. & Noland, Robert B. & DiPetrillo, Stephanie, 2014. "Residential property valuations near transit stations with transit-oriented development," Journal of Transport Geography, Elsevier, vol. 39(C), pages 131-140.
    8. Sangwan Lee & Liming Wang, 2022. "Intermediate Effect of the COVID-19 Pandemic on Prices of Housing near Light Rail Transit: A Case Study of the Portland Metropolitan Area," Sustainability, MDPI, vol. 14(15), pages 1-17, July.
    9. AlQuhtani, Saad & Anjomani, Ardeshir, 2019. "Do rail transit stations affect housing value changes? The Dallas Fort-Worth metropolitan area case and implications," Journal of Transport Geography, Elsevier, vol. 79(C), pages 1-1.
    10. Haizhen Wen & Zaiyuan Gui & Chuanhao Tian & Yue Xiao & Li Fang, 2018. "Subway Opening, Traffic Accessibility, and Housing Prices: A Quantile Hedonic Analysis in Hangzhou, China," Sustainability, MDPI, vol. 10(7), pages 1-23, June.
    11. Zhong, Haotian & Li, Wei, 2016. "Rail transit investment and property values: An old tale retold," Transport Policy, Elsevier, vol. 51(C), pages 33-48.
    12. Peng, Ying & Tian, Chuanhao, 2022. "Removal and reconstruction: Multi-period price effects on nearby housing from urban village redevelopment," Land Use Policy, Elsevier, vol. 113(C).
    13. Tian, Chuanhao & Peng, Ying & Wen, Haizhen & Yue, Wenze & Fang, Li, 2021. "Subway boosts housing values, for whom: A quasi-experimental analysis," Research in Transportation Economics, Elsevier, vol. 90(C).
    14. Jian Liang & Kang Mo Koo & Chyi Lin Lee, 2021. "Transportation infrastructure improvement and real estate value: impact of level crossing removal project on housing prices," Transportation, Springer, vol. 48(6), pages 2969-3011, December.

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