property values

Light rail systems can raise nearby property values before completion even in low density areas

By Bill Holloway A new study in the Journal of Transport and Land Use documents changes in residential property values for homes located within one mile of Charlotte, North Carolina’s, new light rail line – formerly a freight rail facility. The study analyzed home values over a period of 11

Financing Transit Systems Through Value Capture: An Annotated Bibliography (Victoria Transportation Policy Institute, 2012)

This paper summarizes the findings of more than 100 studies concerning the impacts transit service has on nearby property values, and the feasibility of capturing a portion of the incremental value to finance transit improvements. The results indicate that proximity to transit often increases

Strategies for using value capture to fund transit

By Mary Ebeling Seventy-five percent of transit funding comes from state and local sources, pointing to a clear need to develop diverse revenue sources to support transit service. As vehicle miles traveled (VMT) continue to decline while transit use increases, the need for new revenues grows in

Land Use Impacts of Bus Rapid Transit (National BRT Institute, 2009)

This report is among the first in recent years in the United States to examine property value impacts from proximity to BRT stations. A hedonic regression model was estimated to isolate the effect of distance from a BRT station on property values of single-family homes along the Pittsburgh