Assessing Impacts of Freeway Truck Traffic on Residential Property Values: Southern California Case Study

This study investigates the impact of freeway traffic (especially truck traffic) on 4,715 single-family houses located in the busy transportation corridor that links the ports of Los Angeles and Long Beach to downtown Los Angeles, California. These houses are located at least 200 m from the nearest arterial road; this distance was selected to filter out the effects of arterial road traffic. To minimize the risk of omitted variable bias and to deal with spatial autocorrelation, researchers estimated a fine-grained fixed effects model. A 1% increase in total traffic would reduce by only $24 the value of a $420,000 house located within 100 m of a freeway. By contrast, a 1% increase in truck traffic would decrease the value of a $420,000 house located between 100 and 400 m from the nearest freeway by $2,000 to $2,750. These results are important for policy makers and for homeowners because of the expanding role of trucking in the economy.

• Record URL:
  • https://doi.org/10.3141/2288-06
• 
• Summary URL:
  • http://scholar.google.com/scholar_lookup?title=Assessing+Impacts+of+Freeway+Truck+Traffic+on+Residential+Property+Values%3a+Southern+California+Case+Study&author=W.+Li&author=J.+Saphores&publication_year=2012
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9780309223287
• Authors:
  • Li, Wei
  • Saphores, Jean-Daniel
• Publication Date: 2012

Language

• English

Media Info

• Media Type: Print
• Features: Maps; References; Tables;
• Pagination: pp 48–56
• Monograph Title: Freight Systems 2012
• Serial:
  • Transportation Research Record: Journal of the Transportation Research Board
  • Issue Number: 2288
  • Publisher: Transportation Research Board
  • ISSN: 0361-1981

Subject/Index Terms

• TRT Terms: Case studies; Economic impacts; Freeways; Property values; Residential location; Truck traffic
• Geographic Terms: Southern California
• Subject Areas: Economics; Freight Transportation; Motor Carriers; Planning and Forecasting; I10: Economics and Administration; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01363745
• Record Type: Publication
• ISBN: 9780309223287
• Report/Paper Numbers: 12-4362
• Files: PRP, TRIS, TRB, ATRI
• Created Date: Feb 24 2012 7:20AM