The Impact of Light Rail Station Type on Single Family Residential Property Value in the City of Portland, OR

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Total Pages : 64 pages
Book Rating : 4.:/5 (119 download)

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Book Synopsis The Impact of Light Rail Station Type on Single Family Residential Property Value in the City of Portland, OR by : Siman Ning

Download or read book The Impact of Light Rail Station Type on Single Family Residential Property Value in the City of Portland, OR written by Siman Ning and published by . This book was released on 2020 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Light rail projects increase accessibility and light rail stations should result in a land value uplift (LVU) benefit for housing near stations. Extensive research has tested this hypothesis, generally using distance or distance band as a proxy of accessibility. However, the context of transit stations has not gained enough attention in past research. This research divides light rail stations into four different types based on land use ratio, density, sidewalk length, and accessibility; then, the station types are incorporated into a hedonic model. The modeling results confirm the price premium brought by light rail stations to nearby single-family homes. Findings also suggest that, after controlling for accessibility, TOD impacts on single family housing price varies in relation to station type. In other words, station area land use matters when considering land use value capture from light rail development. Future research should further examine how surrounding land uses interact with TOD in affecting housing price.

Impact of Light Rail Transit Proximity on Single-family Home Value Appreciation in Portland, Oregon 1998-2007

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Book Synopsis Impact of Light Rail Transit Proximity on Single-family Home Value Appreciation in Portland, Oregon 1998-2007 by : Stephen Anderson

Download or read book Impact of Light Rail Transit Proximity on Single-family Home Value Appreciation in Portland, Oregon 1998-2007 written by Stephen Anderson and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: ABSTRACT: The mobility and accessibility offered by living in walkable proximity to transit cannot be understated. Enter, Portland, Oregon, the city that pioneered its Urban Growth Boundary (UGB) in 1979. The UGB in concert with Metro, the city's regional governing body has one of the highest per capita light rail uses in the United States(American Public Transportation Association, 2008). Currently three lines (soon to be four) and nearly forty stations serve this metro area (numbering two million people) connecting jobs, entertainment, and the necessities of life with residents. Numerous studies examine the impact transit access has on property values as far back as the 1960s (Hess & Almeida, 2006). A large body of work exists on how just the preparation of planning a transit line can affect property values. This thesis examines the single family home real estate appreciation rates around five light rail stations throughout the region. The proximity to LRT should reflect in higher valuation of the land. The five stops are also categorized as low or high-income areas as well as having new, existing or no light rail access. This thesis examines via parcel data home value appreciation rate through 1997-2007 and compares the appreciation rates between single -family residential units in areas that are within a quarter-mile of a rail station versus those who are not.

Working Paper

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ISBN 13 :
Total Pages : 656 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Working Paper by :

Download or read book Working Paper written by and published by . This book was released on 1994 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effects of Transportation Infrastructure on Nearby Property Values

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ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis The Effects of Transportation Infrastructure on Nearby Property Values by : William Huang

Download or read book The Effects of Transportation Infrastructure on Nearby Property Values written by William Huang and published by . This book was released on 1994 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Transportation Research Record

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ISBN 13 :
Total Pages : 462 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Transportation Research Record by :

Download or read book Transportation Research Record written by and published by . This book was released on 1998 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Light Rail Impacts on Property Values

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ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (741 download)

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Book Synopsis Light Rail Impacts on Property Values by : Elizabeth Cochrane Campbell

Download or read book Light Rail Impacts on Property Values written by Elizabeth Cochrane Campbell and published by . This book was released on 2011 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Light rail transit (LRT) systems are tools to help reduce traffic congestion and air pollution, promote high-density development and more affordable housing, and curtail urban sprawl in metropolitan cities throughout the United States. The impact of transit system services on property values has been studied from various perspectives using many statistical approaches. There are two general categories of effects that proximity to a light rail system can have on the value of residential properties: accessibility benefits (experienced in close proximity to the LRT stations) might increase property values, while nuisance qualities (experienced in both proximity to the LRT line and stations) could have a negative effect on residential property values. Due to the opposing nature of these coexisting effects, results from many empirical studies have been contradictory or inconclusive. This report reviews the spectrum of results found by the growing body of literature focusing on the capitalization effects of rail stations on property values. The economic effect of one particular LRT system, the 7.5 mile long METRORail line located in Houston, Texas, on the value of properties within close proximity to rail stations has not been thoroughly examined, as it only opened for service in 2004. This study utilizes property data acquired from the Harris County Appraisal District (HCAD), Geographic Information System (GIS) techniques, and Hedonic Price Models to analyze the impact of the LRT system in the city of Houston, Texas, on the value of residential properties that lie within close proximity to the line's rail stations.

South Corridor, I-205/Portland Mall Light Rail Project

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Total Pages : 528 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis South Corridor, I-205/Portland Mall Light Rail Project by :

Download or read book South Corridor, I-205/Portland Mall Light Rail Project written by and published by . This book was released on 2004 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Do Plans Matter?

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ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Do Plans Matter? by : Gerrit Knaap

Download or read book Do Plans Matter? written by Gerrit Knaap and published by . This book was released on 1999 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Planning Through Consensus Buildings

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ISBN 13 :
Total Pages : 666 pages
Book Rating : 4.:/5 (4 download)

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Book Synopsis Planning Through Consensus Buildings by : Judith Eleanor Innes

Download or read book Planning Through Consensus Buildings written by Judith Eleanor Innes and published by . This book was released on 1994 with total page 666 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Affordable Housing Demonstration

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ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis The Affordable Housing Demonstration by :

Download or read book The Affordable Housing Demonstration written by and published by . This book was released on 1986 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Transit Research Abstracts

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ISBN 13 :
Total Pages : 458 pages
Book Rating : 4.X/5 (2 download)

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Book Synopsis Transit Research Abstracts by :

Download or read book Transit Research Abstracts written by and published by . This book was released on 1994 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Valuing the Impacts of New Urbanism on Prices of Single-family Homes

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ISBN 13 :
Total Pages : 274 pages
Book Rating : 4.:/5 (518 download)

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Book Synopsis Valuing the Impacts of New Urbanism on Prices of Single-family Homes by : Yan Song

Download or read book Valuing the Impacts of New Urbanism on Prices of Single-family Homes written by Yan Song and published by . This book was released on 2002 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Identifying the Impacts of Light Rail Station Location on Residential Property Values in the City of Sacramento

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ISBN 13 :
Total Pages : 182 pages
Book Rating : 4.:/5 (669 download)

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Book Synopsis Identifying the Impacts of Light Rail Station Location on Residential Property Values in the City of Sacramento by : Jessica Mary Rewers

Download or read book Identifying the Impacts of Light Rail Station Location on Residential Property Values in the City of Sacramento written by Jessica Mary Rewers and published by . This book was released on 2009 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Impact of Railway Stations on Residential and Commercial Property Value

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ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (665 download)

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Book Synopsis The Impact of Railway Stations on Residential and Commercial Property Value by : Ghebreegziabiher Debrezion

Download or read book The Impact of Railway Stations on Residential and Commercial Property Value written by Ghebreegziabiher Debrezion and published by . This book was released on 2004 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Valuing the Impacts of New Urbanism Features on Prices of Single-family Homes

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ISBN 13 :
Total Pages : 137 pages
Book Rating : 4.:/5 (32 download)

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Book Synopsis Valuing the Impacts of New Urbanism Features on Prices of Single-family Homes by : Yan Song

Download or read book Valuing the Impacts of New Urbanism Features on Prices of Single-family Homes written by Yan Song and published by . This book was released on 2004 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Effects of Walkability on Single-family Residential Sale Prices in Portland, Oregon

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ISBN 13 :
Total Pages : 113 pages
Book Rating : 4.:/5 (53 download)

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Book Synopsis The Effects of Walkability on Single-family Residential Sale Prices in Portland, Oregon by : Nicholas Daniel Drake-McLaughlin

Download or read book The Effects of Walkability on Single-family Residential Sale Prices in Portland, Oregon written by Nicholas Daniel Drake-McLaughlin and published by . This book was released on 2009 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt:

LRT/land Use Coordination

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ISBN 13 :
Total Pages : 90 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis LRT/land Use Coordination by :

Download or read book LRT/land Use Coordination written by and published by . This book was released on 1990 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: