Abstract
PurposeSpeed bumps invite varied responses from homeowners, drivers and policymakers. Parents of small children like speed bumps, if they slow the passing traffic, but prospective home buyers may reject a home with a speed bump nearby, contemplating the traversal of it thousand times during an ownership period. The purpose of this study is to empirically identify the effect of speed bumps on home values.Design/methodology/approachAnalysis presented here is based on an examination of home sales prices and exploits variation in the number of speed bumps traversed and the installation of speed bumps to identify the effect of speed bumps on home values. An anonymous online survey is also used to shed light on drivers of the empirical results.FindingsInitial results exploiting variation in the number of bumps traversed suggest speed bumps are associated with reduced residential property values. An estimated treatment effect of speed bump installation underscores the original findings. Finally, survey results imply that older homeowners and homeowners with children may favor speed bumps but less than the disfavor of those who do not.Research limitations/implicationsThe research presented here applies to speed bumps in residential areas and on streets not considered through streets.Practical implicationsThe findings suggest that planners should investigate options such as medians and roundabouts instead of speed bumps.Social implicationsThese results suggest that communities can be visually improved and home values lifted through the removal of speed bumps and installation of other traffic control devices.Originality/valueThis research is valuable to residential developers, planners and neighborhood associations across the country.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Housing Markets and Analysis
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
