IMPACTS OF COMMUTER RAIL SERVICE AS REFLECTED IN SINGLE-FAMILY RESIDENTIAL PROPERTY VALUES
Limited empirical evidence currently exists concerning the capitalization effects of commuter rail facilities. Both positive and negative influences may be present. Transportation agencies and property owners often differ in their views over both the existence and the extent of such impacts from commuter rail facilities, and resulting public participation can have a significant impact on the planning and design process of commuter rail facilities. Single-family residential properties in metropolitan Boston, Massachusetts, are examined. Results indicate that there is an increase in single-family residential property values of approximately 6.7% by virtue of being located within a community having a commuter rail station. At the regional level there appears to be a significant impact on single-family residential property values resulting from the accessibility provided by commuter rail service. Findings related to commuter rail-generated right-of-way proximity effects are inconclusive. The potential policy implications of these findings are discussed in the context of property value impacts associated with the construction and operation of new commuter rail facilities.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/isbn/0309060729
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Supplemental Notes:
- This paper appears in Transportation Research Record No. 1466, Issues in Land Use and Transportation Planning, Models, and Applications. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved
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Authors:
- Armstrong Jr, Robert J
- Publication Date: 1994
Language
- English
Media Info
- Features: Figures; References; Tables;
- Pagination: p. 88-98
- Monograph Title: Issues in land use and transportation planning, models, and applications
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Serial:
- Transportation Research Record
- Issue Number: 1466
- Publisher: Transportation Research Board
- ISSN: 0361-1981
Subject/Index Terms
- TRT Terms: Accessibility; Design; Planning; Policy; Property values; Railroad commuter service; Residential areas; Right of way (Land)
- Uncontrolled Terms: Proximity
- Geographic Terms: Boston (Massachusetts)
- Subject Areas: Design; Highways; Planning and Forecasting; Policy; Public Transportation; I72: Traffic and Transport Planning;
Filing Info
- Accession Number: 00677630
- Record Type: Publication
- ISBN: 0309060729
- Files: TRIS, TRB
- Created Date: May 9 1995 12:00AM