The impact of a new light rail system on single-family property values in Charlotte, North Carolina
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The impact of a new light rail system on single-family property values in Charlotte, North Carolina
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2012
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Journal of Transport and Land Use
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Article
Abstract
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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JTLU vol 5, no 2, pp 60-67 (2012)
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10.5198/jtlu.v5i2.261
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Yan, Sisi; Delmelle, Eric; Duncan, Michael. (2012). The impact of a new light rail system on single-family property values in Charlotte, North Carolina. Retrieved from the University Digital Conservancy, 10.5198/jtlu.v5i2.261.
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