The impact of a new light rail system on single-family property values in Charlotte, North Carolina

Sisi Yan, Eric Delmelle () and Michael Duncan ()
Additional contact information
Sisi Yan: Environmental Systems Research Institute (ESRI)
Eric Delmelle: The University of North Carolina
Michael Duncan: Florida State University

The Journal of Transport and Land Use, 2012, vol. 5, issue 2, 60-67

Abstract: This paper examines the impact of a new light rail system on single-family housing values in Charlotte, North Carolina, from 1997 to 2008. We use a Hedonic Price Analysis (HPA) to estimate how proximity to light rail, housing characteristics, and spatial components (at a 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 that suggests a greater desirability to live closer to a light rail station as the transit system becomes operational.

Keywords: light rail; housing values; Charlotte; North Carolina; Hedonic Price Analysis (search for similar items in EconPapers)
JEL-codes: R40 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (26)

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Persistent link: https://EconPapers.repec.org/RePEc:ris:jtralu:0082

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