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Full-Text Articles in Urban Studies and Planning
How Does Transportation Affordability Vary Among Tods, Tads, And Other Areas?, Brenda Scheer, Reid Ewing, Keunhyun Park, Shabnam Sifat Ara Khan
How Does Transportation Affordability Vary Among Tods, Tads, And Other Areas?, Brenda Scheer, Reid Ewing, Keunhyun Park, Shabnam Sifat Ara Khan
TREC Final Reports
Transit-oriented development (TOD) has gained popularity worldwide as a sustainable form of urbanism; it concentrates development near a transit station so as to reduce auto-dependency and increase ridership. Existing travel behavior studies in the context of TOD, however, are limited in terms of small sample size, inconsistent TOD classification methods, and failure to control for residential self-selection. Thus, this study has three research questions. First, how can we distinguish between Transit-oriented development (TOD) and Transit-adjacent development (TAD)? Second, how do travel behaviors vary between TODs and TADs? Third, how does transportation affordability vary between TODs and TADs? This study utilizes …
Impacts Of Bus Rapid Transit (Brt) On Surrounding Residential Property Values, Victoria Perk, Martin Catalá, Maximillian Mantius, Katrina Corcoran
Impacts Of Bus Rapid Transit (Brt) On Surrounding Residential Property Values, Victoria Perk, Martin Catalá, Maximillian Mantius, Katrina Corcoran
TREC Final Reports
As bus rapid transit (BRT) grows in popularity in the United States, a better understanding of the mode’s impacts on land uses and property values is needed. Economic theory suggests, and literature has shown, that people are willing to pay higher housing costs to lower their costs of transportation to areas of economic activity. Does high-quality BRT service reliably provide such access and, thereby, increase residential property values? The hypothesis is that property values are higher closer to BRT stations, reflecting a premium for the access provided by the BRT service to various goods, services, employment, education, and recreation. There …
Homes Close To Fast Transit: The Value Is Still Rising, Victoria Perk, Martin Catalá, Maximillian Mantius, Katrina Corcoran
Homes Close To Fast Transit: The Value Is Still Rising, Victoria Perk, Martin Catalá, Maximillian Mantius, Katrina Corcoran
TREC Project Briefs
This research contributes to the relatively small body of literature on property value impacts of BRT in the U.S. by conducting a case study on Lane Transit District’s EmX BRT service in Eugene, Oregon, using econometric modeling techniques to estimate changes in property values associated with the BRT. The analysis is based on hedonic price regression analysis, where sale prices are modeled using several property characteristics that contribute to the market or sale price. The findings of this research indicate that the EmX BRT system does positively impact surrounding single-family home sale prices.