Impact of Light Rail: A Spatial-Temporal Assessment of Neighboring Residential Property Values in Los Angeles

Abstract

This research examines the impact of light rail stations on housing market by analyzing the 1993–2013 single-family home sale transactions in the City of Los Angeles, California. The study period was divided into seven 3-year periods, and the area was divided into three different groups by income level: low-, middle-, and high-income. The result shows that the opening of light railways increased property values in general. It also revealed the differentiated impacts by neighborhood income levels.