Urban Studies and Planning Commons^™

Intermediate Effect Of The Covid-19 Pandemic On Prices Of Housing Near Light Rail Transit: A Case Study Of The Portland Metropolitan Area, Sangwan Lee, Liming Wang

Urban Studies and Planning Faculty Publications and Presentations

This study explored the dynamics of a residential property value premium for proximity to a light rail transit (LRT) station in the intermediate term (roughly two years) since the pandemic. We applied a longitudinal quasi-experimental design using repeat sales data from the Portland Metropolitan Area, Oregon. Our results indicate that the effect of the pandemic on prices of housing near LRT stations differs between single-family and multi-family markets. Since the pandemic outbreak, there has been no statically significant difference in the price appreciation between singlefamily (SF) housing within an LRT service area and otherwise similar SF homes; however, for multi-family …