The impact of a new light rail system on single-family property values in Charlotte, North Carolina
This paper examines the impact of a new light rail system on single family housing values in Charlotte, North Carolina is evaluated from 1997 to 2008. We use a Hedonic Price Analysis (HPA) to estimate how proximity to light rail, housing characteristics and spatial components (at the neighborhood an...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Minnesota Libraries Publishing
2012-10-01
|
| Series: | Journal of Transport and Land Use |
| Subjects: | |
| Online Access: | https://www.jtlu.org/index.php/jtlu/article/view/261 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849700334600978432 |
|---|---|
| author | Sisi Yan Eric Delmelle Mike Duncan |
| author_facet | Sisi Yan Eric Delmelle Mike Duncan |
| author_sort | Sisi Yan |
| collection | DOAJ |
| description | This paper examines the impact of a new light rail system on single family housing values in Charlotte, North Carolina is evaluated from 1997 to 2008. We use a Hedonic Price Analysis (HPA) to estimate how proximity to light rail, housing characteristics and spatial components (at the neighborhood and block group level) affect single family housing values. The same method is applied to each of the four time periods (t1, t2, t3, t4) that coincide with the pre-planning, planning, construction and operation phase of the light rail system. We observe a trend suggesting a greater desirability to live closer to a light rail station as the transit system becomes operational. |
| format | Article |
| id | doaj-art-690d92624e2040dbb4016b4ad65930ef |
| institution | DOAJ |
| issn | 1938-7849 |
| language | English |
| publishDate | 2012-10-01 |
| publisher | University of Minnesota Libraries Publishing |
| record_format | Article |
| series | Journal of Transport and Land Use |
| spelling | doaj-art-690d92624e2040dbb4016b4ad65930ef2025-08-20T03:18:19ZengUniversity of Minnesota Libraries PublishingJournal of Transport and Land Use1938-78492012-10-015210.5198/jtlu.v5i2.261111The impact of a new light rail system on single-family property values in Charlotte, North CarolinaSisi Yan0Eric Delmelle1Mike Duncan2Environmental Systems Research InstituteDepartment of Geography and Earth Sciences, University of North Carolina at CharlotteDepartment of Geography and Earth Sciences, University of North Carolina at CharlotteThis paper examines the impact of a new light rail system on single family housing values in Charlotte, North Carolina is evaluated from 1997 to 2008. We use a Hedonic Price Analysis (HPA) to estimate how proximity to light rail, housing characteristics and spatial components (at the neighborhood and block group level) affect single family housing values. The same method is applied to each of the four time periods (t1, t2, t3, t4) that coincide with the pre-planning, planning, construction and operation phase of the light rail system. We observe a trend suggesting a greater desirability to live closer to a light rail station as the transit system becomes operational.https://www.jtlu.org/index.php/jtlu/article/view/261Light RailPublic TransitHedonic ModelGIS |
| spellingShingle | Sisi Yan Eric Delmelle Mike Duncan The impact of a new light rail system on single-family property values in Charlotte, North Carolina Journal of Transport and Land Use Light Rail Public Transit Hedonic Model GIS |
| title | The impact of a new light rail system on single-family property values in Charlotte, North Carolina |
| title_full | The impact of a new light rail system on single-family property values in Charlotte, North Carolina |
| title_fullStr | The impact of a new light rail system on single-family property values in Charlotte, North Carolina |
| title_full_unstemmed | The impact of a new light rail system on single-family property values in Charlotte, North Carolina |
| title_short | The impact of a new light rail system on single-family property values in Charlotte, North Carolina |
| title_sort | impact of a new light rail system on single family property values in charlotte north carolina |
| topic | Light Rail Public Transit Hedonic Model GIS |
| url | https://www.jtlu.org/index.php/jtlu/article/view/261 |
| work_keys_str_mv | AT sisiyan theimpactofanewlightrailsystemonsinglefamilypropertyvaluesincharlottenorthcarolina AT ericdelmelle theimpactofanewlightrailsystemonsinglefamilypropertyvaluesincharlottenorthcarolina AT mikeduncan theimpactofanewlightrailsystemonsinglefamilypropertyvaluesincharlottenorthcarolina AT sisiyan impactofanewlightrailsystemonsinglefamilypropertyvaluesincharlottenorthcarolina AT ericdelmelle impactofanewlightrailsystemonsinglefamilypropertyvaluesincharlottenorthcarolina AT mikeduncan impactofanewlightrailsystemonsinglefamilypropertyvaluesincharlottenorthcarolina |