The impact of a new light rail system on single-family property values in Charlotte, North Carolina

  • Sisi Yan Environmental Systems Research Institute
  • Eric Delmelle Department of Geography and Earth Sciences, University of North Carolina at Charlotte
  • Mike Duncan Department of Geography and Earth Sciences, University of North Carolina at Charlotte
Keywords: Light Rail, Public Transit, Hedonic Model, GIS

Abstract

This paper examines the impact of a new light rail system on single family housing values in Charlotte, North Carolina is evaluated from 1997 to 2008. We use a Hedonic Price Analysis (HPA) to estimate how proximity to light rail, housing characteristics and spatial components (at the neighborhood and block group level) affect single family housing values. The same method is applied to each of the four time periods (t1, t2, t3, t4) that coincide with the pre-planning, planning, construction and operation phase of the light rail system. We observe a trend suggesting a greater desirability to live closer to a light rail station as the transit system becomes operational.

Author Biographies

Sisi Yan, Environmental Systems Research Institute
Graduate student
Eric Delmelle, Department of Geography and Earth Sciences, University of North Carolina at Charlotte
Assistant professor.
Mike Duncan, Department of Geography and Earth Sciences, University of North Carolina at Charlotte
Assistant professor.
Published
2012-10-09
How to Cite
Yan, S., Delmelle, E., & Duncan, M. (2012). The impact of a new light rail system on single-family property values in Charlotte, North Carolina. Journal of Transport and Land Use, 5(2). https://doi.org/10.5198/jtlu.v5i2.261
Section
Articles