Highway traffic noise effects on land price in an urban area

The study evaluates the monetary effect of traffic noise on property values in Seoul, Korea. Hedonic price models are estimated using the zone-based data that includes traffic noise levels, official land price, land use classification, distance to roadways, type of nearby roadway facilities, and traffic characteristics. It is found that a 1% increase in traffic noise associated with a 1.3% decline in land price. Based on this, the annual cost per kilometer due to traffic noise is about $347 thousand.

• Record URL:
  http://www.sciencedirect.com/science/article/B6VH8-4NG4CBY-2/2/abfe62b14439e1018eaca132aebbaab8
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/13619209
• Supplemental Notes:
  • Abstract reprinted with permission from Elsevier
• Authors:
  • Kim, Kwang Sik
  • Park, Sung Joong
  • Kweon, Young-Jun
• Publication Date: 2007-6

Language

• English

Media Info

• Media Type: Print
• Features: References; Tables;
• Pagination: pp 275-280
• Serial:
  • Transportation Research Part D: Transport and Environment
  • Volume: 12
  • Issue Number: 4
  • Publisher: Elsevier
  • ISSN: 1361-9209
  • Serial URL: http://www.sciencedirect.com/science/journal/13619209

Subject/Index Terms

• TRT Terms: Highway facilities; Highways; Land use; Property values; Traffic characteristics; Traffic noise; Urban areas
• Uncontrolled Terms: Hedonic price method
• Geographic Terms: Seoul (Korea)
• Subject Areas: Economics; Energy; Environment; Highways; Operations and Traffic Management; Planning and Forecasting; Society; I15: Environment; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 01051285
• Record Type: Publication
• Files: TRIS
• Created Date: Jun 6 2007 12:25PM