IDEAS home Printed from https://ideas.repec.org/p/cdl/uctcwp/qt2hf9s9sr.html
   My bibliography  Save this paper

Rail Transit Investments, Real Estate Values, and Land Use Change: A Comparative Analysis of Five California Rail Transit Systems

Author

Listed:
  • Landis, John
  • Guhathakurta, Subhrajit
  • Huang, William
  • Zhang, Ming

Abstract

Transportation systems are the glue that binds together American cities. From the first boulevard, through the horse-drawn streetcars of the 19th Century, through the electric trolleys of the early 1900s, to the freeways of the post-World War II era, transportation investments have long played a defining role in guiding the growth and development of metropolitan areas. What is today called the “transportation-land use connection” has been the object of study by geographers and economists for more than 150 years, and the focus of attention for developers and speculators for even longer.

Suggested Citation

  • Landis, John & Guhathakurta, Subhrajit & Huang, William & Zhang, Ming, 1995. "Rail Transit Investments, Real Estate Values, and Land Use Change: A Comparative Analysis of Five California Rail Transit Systems," University of California Transportation Center, Working Papers qt2hf9s9sr, University of California Transportation Center.
    • Handle: RePEc:cdl:uctcwp:qt2hf9s9sr
    as

    Download full text from publisher

    File URL: https://www.escholarship.org/uc/item/2hf9s9sr.pdf;origin=repeccitec
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Grether, David M. & Mieszkowski, Peter, 1980. "The effects of nonresidential land uses on the prices of adjacent housing: Some estimates of proximity effects," Journal of Urban Economics, Elsevier, vol. 8(1), pages 1-15, July.
    2. Eugene F. Brigham, 1965. "The Determinants of Residential Land Values," Land Economics, University of Wisconsin Press, vol. 41(4), pages 325-334.
    3. Dewees, D. N., 1976. "The effect of a subway on residential property values in Toronto," Journal of Urban Economics, Elsevier, vol. 3(4), pages 357-369, October.
    Full references (including those not matched with items on IDEAS)

    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. P B McLeod, 1984. "The Demand for Local Amenity: An Hedonic Price Analysis," Environment and Planning A, , vol. 16(3), pages 389-400, March.
    2. 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.
    3. P.B. McLeod, 1985. "The Demand for Housing and Amenity Attributes: An empirical analysis of the Perth housing market," Economics Discussion / Working Papers 85-04, The University of Western Australia, Department of Economics.
    4. Edmund Zolnik, 2020. "A longitudinal analysis of the effect of public rail infrastructure on proximate residential property transactions," Urban Studies, Urban Studies Journal Limited, vol. 57(8), pages 1620-1641, June.
    5. E.V. Leontev & I.A. Mayburov, 2021. "Assessment of the Impact of Public Transport Accessibility on the Value of Urban Residential Real Estate," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 20(1), pages 62-83.
    6. Ahlfeldt, Gabriel M. & Nitsch, Volker & Wendland, Nicolai, 2019. "Ease vs. noise: Long-run changes in the value of transport (dis)amenities," Journal of Environmental Economics and Management, Elsevier, vol. 98(C).
    7. Arku, Robert Nutifafa & Higgins, Christopher D. & Fischer, Jaimy & Farber, Steven, 2024. "Do affluent neighbourhoods pay more for transit access? Exploring the capitalization of employment accessibility within different housing submarkets in Vancouver," Journal of Transport Geography, Elsevier, vol. 121(C).
    8. Karolien De Bruyne & Jan Van Hove, 2013. "Explaining the spatial variation in housing prices: an economic geography approach," Applied Economics, Taylor & Francis Journals, vol. 45(13), pages 1673-1689, May.
    9. Janice Fanning Madden, 1981. "Why Women Work Closer to Home," Urban Studies, Urban Studies Journal Limited, vol. 18(2), pages 181-194, June.
    10. Michael Iacono & David Levinson, 2017. "Accessibility dynamics and location premia: Do land values follow accessibility changes?," Urban Studies, Urban Studies Journal Limited, vol. 54(2), pages 364-381, February.
    11. 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.
    12. Penn, J. B. & Irwin, George D., 1972. "Using Multiple Listing Service Data To Analyze Determinants Of Residential Property Values," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-10.
    13. Gabriel M Ahlfeldt, 2013. "If We Build it, Will They Pay? Predicting Property Price Effects of Transport Innovations," Environment and Planning A, , vol. 45(8), pages 1977-1994, August.
    14. Song, Yan & Knaap, Gerrit-Jan, 2004. "Measuring the effects of mixed land uses on housing values," Regional Science and Urban Economics, Elsevier, vol. 34(6), pages 663-680, November.
    15. Allen, W. Bruce, 1987. "Value Capture in Transit," Journal of the Transportation Research Forum, Transportation Research Forum, vol. 28(01).
    16. Ahlfeldt, Gabriel M. & Nitsch, Volker & Wendland, Nicolai, 2019. "Ease versus noise: long-run changes in the value of transport (dis)amenities," LSE Research Online Documents on Economics 102824, London School of Economics and Political Science, LSE Library.
    17. Kok, Nils & Monkkonen, Paavo & Quigley, John M., 2014. "Land use regulations and the value of land and housing: An intra-metropolitan analysis," Journal of Urban Economics, Elsevier, vol. 81(C), pages 136-148.
    18. Claudio Agostini & Gastón Palmucci, 2006. "Anticipated Capitalization of the Santiago Metro System on Housing Prices," ILADES-UAH Working Papers inv176, Universidad Alberto Hurtado/School of Economics and Business.
    19. Dongfang Zhang & Jingjuan Jiao, 2019. "How Does Urban Rail Transit Influence Residential Property Values? Evidence from An Emerging Chinese Megacity," Sustainability, MDPI, vol. 11(2), pages 1-16, January.
    20. Wu, Wenjie, 2012. "Does public investment spur the land market?: evidence from transport improvement in Beijing," LSE Research Online Documents on Economics 57918, London School of Economics and Political Science, LSE Library.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    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:cdl:uctcwp:qt2hf9s9sr. 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: Lisa Schiff (email available below). General contact details of provider: https://edirc.repec.org/data/itucbus.html .

    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.