Impacts of bicycle facilities on residential property values in 11 US cities

Abdirashid Dahir and Huyen T.K. Le

Journal of Transport Geography, 2025, vol. 123, issue C

Abstract: Bicycle infrastructure has been found to increase nearby residential property values. However, most evidence for this economic impact is limited to a single city. This study investigates the pre- and post-treatment effects of different types of bicycle facilities on the values of single-family and multifamily homes in 11 cities in the United States from 2000 to 2019. We utilize a quasi-experimental approach with matching techniques and hedonic models to track down the changes in the sales price of residential properties over time within an 800-m buffer of bicycle facilities. We found a mixed impact of property value appreciation, depreciation, and no change in the sales price by different types of bicycle infrastructure including on-street and off-street facilities on single-family and multifamily residential properties across the 11 cities. Single-family and multifamily properties near off-street-only facilities experienced appreciation in Los Angeles, Minneapolis, and Cleveland. Meanwhile, single-family homes near on-street-only facilities tended to decrease their values in Columbus, Eugene, Philadelphia, and Tucson, and increase only in Minneapolis. All properties within 800 m of both on-street and off-street facilities saw their values increase in Columbus and Minneapolis. However, we did not find a statistically significant effect of bicycle infrastructure on housing values in Portland, San Francisco, and Seattle. Findings from our study will inform decision-making and planning for bicycle infrastructure while ensuring the equitable distribution of these facilities and affordable housing for disadvantaged populations.

Keywords: Bicycling; Built environment; Quasi-experimental study; Housing price; Bike network; Bike lane (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jotrge:v:123:y:2025:i:c:s0966692325000377

DOI: 10.1016/j.jtrangeo.2025.104146

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