Title
Impact of Heavy-rail-based Rapid Transit on House Prices: Evidence from the Fremont, CA, Warm Springs BART Extension Project
Publication Date
1-1-2020
Document Type
Article
Department
Urban and Regional Planning
Publication Title
Journal of Planning Education and Research
DOI
10.1177/0739456X19898737
Abstract
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.
Funding Number
69A3551747127
Keywords
heavy rail, hedonic regression, rapid transit, spatial analysis, spatial econometrics, transit, transportation
Recommended Citation
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