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

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