This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Similar articles in Web of Science Alert me to new issues of the journal Add to Saved Citations Download to citation manager Request Permissions Request Reprints Add to My Marked Citations Citing Articles Citing Articles via Google Scholar Citing Articles via Scopus Google Scholar Articles by Mikelbank, B. A. Search for Related Content Social Bookmarking                         What's this?

Be Careful what You wish for

The House Price Impact of Investments in Transportation Infrastructure

Cleveland State University

Although it is commonly held that accessibility plays a role in house price determination, there is less explicit recognition that it is transportation infrastructure that is primarily delivering that accessibility. Large additions to the transportation infrastructure tend to be well studied, but there is a dearth of empirical research that investigates the house price impacts when local transportation infrastructure is incrementally invested in. If these smaller investments also impact accessibility, then there should be a measurable impact in the housing market. Although results show that this is in fact the case for Cuyahoga County, Ohio, over the years 1995-2000, the price impact is not universally positive. The nature of the price impact depends on the location of the investment, relative to the house and regional accessibility points, and on how long ago the investment was completed.

Key Words: housing • transportation infrastructure • urban accessibility • public capital

Urban Affairs Review, Vol. 41, No. 1, 20-46 (2005)
DOI: 10.1177/1078087405278444


CiteULike    Complore    Connotea    Del.icio.us    Digg    Reddit    Technorati    Twitter    What's this?