Urban Studies and Planning Commons^™

Moving Toward Equitable Transit-Oriented Developments By Integrating Transit And Housing, Hongwei Dong

PSU Transportation Seminars

Prior studies show that transit-oriented developments (TODs) increase property values and raise property tax revenue. Property owners reap economic benefit from TODs and public officials use it as evidence to justify the high cost of rail transit. However, renters, who rely on transit more than homeowners, may have to pay higher rent to live in TODs. The location affordability index at the neighborhood level suggests that renters can also benefit from TOD by saving money on transportation costs. Recent studies at the individual level, however, found little evidence that living in TODs reduces transportation expenditure. Using rental data scraped from …