The association between residential housing prices, bicycle infrastructure and ridership volumes

Lindsey Conrow, Siân Mooney and Elizabeth A Wentz
Additional contact information
Lindsey Conrow: University of Canterbury, New Zealand
Siân Mooney: Indiana University Bloomington, USA
Elizabeth A Wentz: Arizona State University, USA

Urban Studies, 2021, vol. 58, issue 4, 787-808

Abstract: City officials and planners have shown increased interest in pedestrian- and bicycle-friendly designs aimed at addressing urban problems such as traffic congestion, pollution, sprawl and housing availability. An important planning consideration is the economic impact associated with existing or planned infrastructure, especially in relation to home property values. In this study, we use measures of infrastructure and ridership to evaluate the relationship between bicycling infrastructure and activity and single-family home values in Tempe, Arizona. We apply a hedonic modelling approach and find that bicycle infrastructure density is positively associated with home sale price, while ridership density around home locations has no significant relationship with sale price. Our results inform discourse related to the potential economic values of residential bicycle infrastructure, especially in areas where property tax is a source of local public finance revenue. We show that the characteristics of bicycle-friendly design may be the same characteristics valued by homebuyers and the resulting increased home sale values may lead to increased property tax revenue in Tempe, Arizona.

Keywords: economic processes; hedonic price analysis; neighbourhood; real estate; transport; ç» æµŽè¿‡ç¨‹; äº«ä¹ ä»·æ ¼åˆ†æž; 街区; 房地产; 交通 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0042098020926034 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:urbstu:v:58:y:2021:i:4:p:787-808

DOI: 10.1177/0042098020926034

Access Statistics for this article

More articles in Urban Studies from Urban Studies Journal Limited
Bibliographic data for series maintained by SAGE Publications ().