Evaluation of transit proximity effects on residential land prices: an empirical study in Austin, Texas

Yu, Haitao; Zhang, Ming; Pang, Hao

doi:10.1080/03081060.2017.1355880

Cited by 9 publications

(6 citation statements)

References 17 publications

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“…In a study analyzing land prices in Colombia, Enríquez Sierra et al (2013) found a significant relationship between land price and density and proximity to schools and other amenities. Similar results linking land price and population density were reported in studies conducted in China (Du, Thill, & Peiser, 2016;Zhang, Lin, Wu, & Skitmore, 2017), Japan (Kanasugi & Ushijima, Forthcoming), and Austin, Texas (Yu, Zhang, & Pang, 2017). The discussion presented above suggests the following hypothesis:…”

Section: Literature Review and Development Of The Hypothesessupporting

confidence: 72%

A spatial econometric analysis of residential land prices in Kuwait

Mostafa

2018

Regional Studies, Regional Science

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Land price mapping has recently drawn considerable attention from academics and practitioners alike. This paper investigates the factors influencing residential land prices in a rather underrepresented part of the world. Owing to land prices' spatial association and heterogeneity, the study uses both traditional and Bayesian spatial regression techniques to test the impact of population density, the percentage of Kuwaitis among the total population, the total number of schools, traffic accidents, and air pollution as measured by the prevalence of both carbon monoxide (CO, ppm) and ground-level or tropospheric ozone level (O 3 , ppb) on residential land prices in Kuwait. The general pattern of the results shows that land prices are driven positively by density, the percentage of Kuwaitis and the existence of educational amenities, while air pollution has a negative impact on prices. The analysis also reveals that land prices in Kuwait tend to cluster in groups/hotspots. It is argued that such an accurate identification of hotspots and the correct understanding of their relation to explanatory variables can help decision-makers to make sound decisions in areas as diverse as planning for amenities and zoning.

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Section: Literature Review and Development Of The Hypothesessupporting

confidence: 72%

A spatial econometric analysis of residential land prices in Kuwait

Mostafa

2018

Regional Studies, Regional Science

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“…I also consider the robustness of my model to the quadratic distance specification. A key concern in using the hedonic framework is using the appropriate functional form (Yinger & Nguyen-Hoang, 2016;Yu et al, 2017). As Yinger and Nguyen-Hoang (2016) underscored, a nonlinear hedonic specification is required for the bid function and associated envelope to be mathematically consistent and allow for sorting.…”

Section: Resultsmentioning

confidence: 99%

“…Additionally, Table 1 underscores that suburban stations have not been a focus of previous studies. Many authors excluded suburban stations due to data limitations (Pilgram & West, 2018;Yu et al, 2017). Studies that included suburban stations did not focus on the suburban context but rather included the suburban stations as part of the broader system.…”

Section: Conceptual Framework and Literature Reviewmentioning

confidence: 99%

End of the line: The impact of new suburban rail stations on housing prices

Acuña¹

2023

JTLU

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This study leverages the staggered opening of new Metro stations in a suburb of Washington, DC to estimate the impact of proximity to public rail transit on housing prices. Both hedonic and repeat sales models indicate that housing prices increase as distance increases, suggesting that living near public transportation in Prince George’s County is primarily viewed as a disamenity. For properties at one mile from the nearest station, the preferred repeat sales model estimates a marginal price increase of 4.6 percent for a one-mile increase in distance. I argue that the suburban environment may be key in explaining the results. In the suburbs, a greater share of the population relies on automobiles, and rail stations are typically equipped with large parking lots. The suburban environment allows households the opportunity to both benefit from public transportation access and mitigate the negative externalities associated with living right next to the station.

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“…Traditional Location Theory stipulates that land prices should reflect proximity to a transit station (Yu et al, 2017). Accessibility parameter is defined as the distance between each street and the nearest location of the public service units (Topcu & Kubat, 2009).…”

Section: Social Factorsmentioning

confidence: 99%

Factors affecting residential land prices A review of the literature

Totanji

Ishak

2023

CEBC

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Residential land prices are crucial for any country's economy and development. There is, therefore, the need to identify factors affecting the increase in the overall land prices as a first step toward accurately evaluating land assets. This research aims to find the factors affecting residential property prices worldwide by analysing 185 publications from 2000 to 2022. This research is conducted on secondary sources whereby reviews, data analysis was made from previous studies. These studies were published and found in journals, conferences, articles, and theses. The aim is to identify the twenty most common factors affecting residential land price increase. Although previous studies focused on residential land prices, there have yet to be a consensus on a comprehensive list of factors affecting residential property prices.

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Evaluation of transit proximity effects on residential land prices: an empirical study in Austin, Texas

Cited by 9 publications

References 17 publications

A spatial econometric analysis of residential land prices in Kuwait

A spatial econometric analysis of residential land prices in Kuwait

End of the line: The impact of new suburban rail stations on housing prices

Factors affecting residential land prices A review of the literature

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