Impact of Heavy-rail-based Rapid Transit on House Prices: Evidence from the Fremont, CA, Warm Springs BART Extension Project
Urban and Regional Planning
Journal of Planning Education and Research
This study estimates households’ willingness to pay for single-family houses and condominiums/townhouses located within 2 miles of Warm Springs (WS) BART Station in Fremont, CA. The study finds that, compared to the houses sold in the control distance band (2–5 miles away), an average-priced single-family house within 2 miles of the WS BART Station was higher in price by 9 to 15 percent. The total property value increment for the single-family houses is large enough to fund the $802 million Warm Springs BART Extension Project cost five times over.
heavy rail, hedonic regression, rapid transit, spatial analysis, spatial econometrics, transit, transportation
Shishir Mathur. "Impact of Heavy-rail-based Rapid Transit on House Prices: Evidence from the Fremont, CA, Warm Springs BART Extension Project" Journal of Planning Education and Research (2020). https://doi.org/10.1177/0739456X19898737