Understanding Relationships Between Regional Accessibility, Travel Behavior and Home Values

Accessibility is a comprehensive measure of the interaction between land use and transportation. It has been put forward as a performance-measure for transportation plans and projects; however its impact on individual travel activity and home location choice has been less studied. This research paper investigates the effect of accessibility on individual travel behavior, as well as accessibility’s monetary value in residential property markets. First, accessibility to jobs and workers by automobile is generated for the entire region. Second, the actual activity space of each household in the sample is computed. A linear regression model is used to predict the spatial dispersal and area of the household activity space, as well as the total distance traveled with the inverse balancing factors of the doubly constrained spatial interaction model of regional accessibility, while controlling for household characteristics. In addition, residents’ willingness to pay for higher levels of accessibility is measured through a hedonic regression model. The models show that households with high levels of accessibility to jobs have smaller, more spatially concentrated activity spaces as well as shorter travel distances than those with lower levels of regional accessibility. Accessibility also has a positive effect on home sale values. As a result, higher levels of accessibility promote shorter distances, more local travel patterns and are capitalized in home values. This study underscores the importance of using accessibility and activity spaces as performance-measures for land use and transportation planning. These measures will help transportation planners gain insight into travel behavior and travel demand and facilitate planning for more sustainable outcomes.

Language

  • English

Media Info

  • Media Type: DVD
  • Features: Figures; Maps; References; Tables;
  • Pagination: 21p
  • Monograph Title: TRB 89th Annual Meeting Compendium of Papers DVD

Subject/Index Terms

Filing Info

  • Accession Number: 01155013
  • Record Type: Publication
  • Report/Paper Numbers: 10-1736
  • Files: TRIS, TRB
  • Created Date: Jan 25 2010 10:47AM