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Effects of Light and Commuter Rail Transit on Land Prices: Experiences in San Diego County

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  • Cervero, Robert

Abstract

Using hedonic price models, appreciable land-value premiums were found for multiple land uses in different rail corridors of San Diego County. The most appreciable benefits were for condominiums and single-family housing near commuter-rail stations in the north county, multi-family housing near light-rail stations, and commercial properties near downtown commuter-rail stations and light-rail stops in the Mission Valley. Elsewhere, commercial properties accrued small or even negative capitalization benefits. Pro-development policies, worsening traffic congestion, and a generally healthy economy are thought to have generally boosted land values in San Diego County, though impacts are corridor- and land-use specific.

Suggested Citation

  • Cervero, Robert, 2006. "Effects of Light and Commuter Rail Transit on Land Prices: Experiences in San Diego County," University of California Transportation Center, Working Papers qt75n1b5xc, University of California Transportation Center.
    • Handle: RePEc:cdl:uctcwp:qt75n1b5xc
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    Cited by:

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    6. Zhong, Haotian & Li, Wei, 2016. "Rail transit investment and property values: An old tale retold," Transport Policy, Elsevier, vol. 51(C), pages 33-48.

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