THE ECONOMIC IMPACT OF SPEED HUMPS ON HOUSING VALUES

This study examined whether installing speed humps causes a change in the market value of residential housing. Eighteen neighborhoods in Gwinnett County, Georgia, that had been treated with speed humps prior to 1996 were identified, and for each of these a comparison neighborhood was found that matched four variables: price range, housing style, year built, and school district. Sales data were collected for these 36 neighborhoods. Eight test locations and their corresponding comparison location were dropped because too few sales transactions had taken place since the speed humps were installed. As expected, in all cases, the housing value increased. The effect of speed humps on the real-estate value was assessed using the linear-regression method. Results revealed that the effect of speed humps on the real-estate value was fairly random and insignificant.

• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/614107147
• Corporate Authors:

  Institute of Transportation Engineers (ITE)

  Washington, DC  United States 

  Federal Highway Administration

  1200 New Jersey Avenue, SE
  Washington, DC  United States  20590
• Authors:
  • Bretherton Jr, W Martin
  • Edwards, V
  • Miao, J
• Publication Date: 2000-1

Language

• English

Media Info

• Features: Figures; Tables;
• Pagination: p. 50-54
• Serial:
  • ITE Journal
  • Volume: 70
  • Issue Number: 1
  • Publisher: Institute of Transportation Engineers (ITE)
  • ISSN: 0162-8178
  • Serial URL: https://www.ite.org/publications/ite-journal/

Subject/Index Terms

• TRT Terms: Dwellings; Economic impacts; Market value; Neighborhoods; Prices; Regression analysis; Residential areas; Speed control humps; Traffic calming
• Geographic Terms: Gwinnett County (Georgia)
• Subject Areas: Data and Information Technology; Economics; Highways; Operations and Traffic Management; Society; Terminals and Facilities; I10: Economics and Administration; I73: Traffic Control;

Filing Info

• Accession Number: 00783763
• Record Type: Publication
• Files: TRIS, ATRI, USDOT
• Created Date: Feb 22 2000 12:00AM