01479043

Component

https://doi.org/10.3141/2357-11

http://scholar.google.com...wing&publication_year=2013

Considerable literature reports the price effects of light rail transit accessibility on residential properties built principally for owner–occupants. Few studies show the relationship between light rail transit and rental apartment building values; those that have done so have evaluated outcomes within narrow bands of distance from light rail transit stations. The present study closes some of this gap in the research. The association between TRAX, the light rail system operated by the Utah Transit Authority serving Salt Lake County, Utah, and the value of rental apartment buildings in bands a distance from light rail stations of 0.25 mi out to 1.5 mi was estimated. When structural, neighborhood, and location characteristics were controlled for, a positive relationship between TRAX station proximity and rental apartment building values was found to 1.25 mi but not beyond. The implications of these findings are offered.

01495200

13-4771

English

pp 95–99

2013

Transportation Research Record: Journal of the Transportation Research Board

9780309286732

Print

References (10) ; Tables (2)

Apartment buildings; Light rail transit; Property values; Rail transit stations; Transit oriented development; Walking distance

Salt Lake City (Utah)

Data and Information Technology; Environment; Planning and Forecasting; Policy; Public Transportation; Society; I21: Planning of Transport Infrastructure; I70: Traffic and Transport

TRIS, TRB, ATRI

Feb 5 2013 12:55PM

• Accessibility and Housing Price Resilience: Evidence from Limited-Access Roadways in Florida
• Addressing Sustainability and Strategic Planning Goals Through Performance Measures: Study of Bus Rapid Transit Systems in El Paso, Texas
• Blueprint for Sustainability: One Department of Transportation’s Pursuit of Performance-Based Accountability
• Diagnosing Transportation: Developing Key Performance Indicators to Assess Urban Transportation Systems
• Environmental Justice for Minority and Low-Income Populations Next to Goods Movement Corridors in Southern California
• Evaluating Sustainability Approaches of Transportation Agencies Through a Strengths, Weaknesses, Opportunities, and Threats Framework
• Modeling Frequency and Duration of Out-of-Home Participation in Physical Activity by School-Age Children
• Putting Schools on the Map: Linking Transit-Oriented Development, Households with Children, and Schools
• Sustainability Trends Measured by the Greenroads Rating System
• Transit-Oriented Development and Household Transportation Costs: Household-Level Analysis
• Transportation in an Aging Society: Linkage Between Transportation and Quality of Life
• Travel Time and Subjective Well-Being
• Urban Core Transit Access to Low-Income Jobs
• Who Does the Shopping? Evidence of German Time Use from 1996 to 2009