Abstract
Though the impact of rail transit service on property values has been investigated for transit rail lines in a number of cities, the effects of the Houston light rail transit (LRT) line have not been examined since it began service. This study utilizes the 2007 InfoUSA household data-sets to analyze the impacts of the Houston's LRT line on residential property values. In addition to the traditional ordinary linear regression models that have been widely used in transit impact studies, a multi-level regression model is adopted in this study to identify the effects of the METRORail on the Main Street Corridor. The results from both models suggest that the opening of the light rail has had significant net positive effects on some residential property values. However, immediate proximity to light rail stations and bus stops has significant negative impacts on properties located within a quarter mile of rail stops.
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 callDisclaimer: 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.
