Surface street traffic volume and single-family house price

This study investigates the relationship between surface street traffic volume and single-family house prices in a relatively small city in the US. Hedonic price models are estimated using data from 9670 transactions that occurred between January 1998 and March 2011. It is discovered that parcels fronting or adjacent to a high-traffic street sell, on average, at an 8.1% discount compared to similar parcels that are not so situated. Restricting the analysis to parcels on or adjacent to a high-traffic street, house price and traffic volume are found to be negatively related; a doubling of volume from any particular traffic count, ceteris paribus, reduces selling price by an average of 2.1%.

• Record URL:
  • http://www.sciencedirect.com/science/article/pii/S1361920912000053
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/13619209
• Supplemental Notes:
  • Abstract reprinted with permission from Elsevier.
• Authors:
  • Larsen, James E
• Publication Date: 2012-6

Language

• English

Media Info

• Media Type: Print
• Features: References; Tables;
• Pagination: pp 317-320
• Serial:
  • Transportation Research Part D: Transport and Environment
  • Volume: 17
  • Issue Number: 4
  • Publisher: Elsevier
  • ISSN: 1361-9209
  • Serial URL: http://www.sciencedirect.com/science/journal/13619209

Subject/Index Terms

• TRT Terms: Economic models; Prices; Single family dwellings; Traffic volume
• Uncontrolled Terms: Causal relationships; Hedonic price models
• Subject Areas: Economics; Highways; Planning and Forecasting; I10: Economics and Administration; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01368575
• Record Type: Publication
• Files: TRIS, ATRI
• Created Date: Apr 25 2012 2:21PM