Urban Studies and Planning Commons^™

Measuring The Impact Of Light Rail Systems On Single Family Home Values: A Hedonic Approach With Gis Application, Hong Chen, Anthony M. Rufolo, Kenneth Dueker

Center for Urban Studies Publications and Reports

In theory, proximity to a light rail (LRT) may have two different effects on residential property values. On the one hand, accessibility (proximity to the LRT stations) may increase property values. On the other hand, nuisance effects (proximity to the LRT line and stations) may decrease property values. Existing empirical studies are inconclusive, and failure to separate the effects of accessibility from the nuisance effects may explain some of the ambiguity. This paper examines the impact of the light-rail system (MAX) in Portland, Oregon, on single-family home values using distance to rail stations as a proxy for accessibility and distance …