The effect of bus rapid transit on local home prices

2023/10/21 by Justin Beaudoin, Justin Tyndall · 1 voice · 1 citation
Economics, Econometrics and Finance · Social Sciences · #Housing Market and Economics #Economic and Environmental Valuation #Transportation Planning and Optimization

paper · doi:10.1016/j.retrec.2023.101370

Cited by

• Access for appraisal: a systematic review of estimating transport benefits via real-estate uplift

Discussions

• New paper finds that bus rapid transit can significantly increase home values: - 5-7% price premium for homes within a 20 minute walk of a BRT station - Rise in property values is 6x the cost of BRT [bsky, 161 points, 1 comments]