The Impact of Transit Corridors on Residential Property Values

John A. Kilpatrick (), Ronald C. Throupe (), John I. Carruthers () and Andrew Krause ()
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John A. Kilpatrick: Greenfield Advisors LLC, Seattle, Washington 98121
Ronald C. Throupe: Greenfield Advisors LLC, Seattle, Washington 98121
John I. Carruthers: U.S. Department of Housing and Urban Development, Office of Policy Development and Research
Andrew Krause: Greenfield Advisors LLC, Seattle, Washington 98121

Journal of Real Estate Research, 2007, vol. 29, issue 3, pages 303-320

Abstract: Most of the literature on transit corridors, such as superhighways and tunnels, focuses on the positive externality of transit access (e.g., interstate access, transit station) and fails to isolate the negative externality of the corridor itself. This empirical study examines two situations: one with both access benefits and negatives, and another without the access benefit. The findings reveal that proximity to the transit corridor alone without direct access conveys a negative impact on nearby housing values.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 2007
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