Be Careful what You wish for

The House Price Impact of Investments in Transportation Infrastructure

Datos Bibliográficos

ID6404584
AutoresBrian A Mikelbank (0009-0004-6914-9089, Cleveland State University, autor de correspondencia)
Año2005
Volumen41
Número1
Páginas20-46
Fecha de publicación2005-09-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaUrban Affairs Review (JOURNAL)
Identificadores de la revistaISSN: 1078-0874 • E-ISSN: 1552-8332
EditorialSAGE Publications Inc (PUBLISHER)
DOI10.1177/1078087405278444
OpenAlexW2108541361
IdiomaEN
Citas recibidas4
Referencias citadas24

Although it is commonly held that accessibility plays a role in house price determination, there is less explicit recognition that it is transportation infrastructure that is primarily delivering that accessibility. Large additions to the transportation infrastructure tend to be well studied, but there is a dearth of empirical research that investigates the house price impacts when local transportation infrastructure is incrementally invested in. If these smaller investments also impact accessibility, then there should be a measurable impact in the housing market. Although results show that this is in fact the case for Cuyahoga County, Ohio, over the years 1995-2000, the price impact is not universally positive. The nature of the price impact depends on the location of the investment, relative to the house and regional accessibility points, and on how long ago the investment was completed

Business · Economic impact analysis · Economics · House price · Investment (military · Microeconomics · Monetary economics · Public economics · Transport engineering · Transport infrastructure · Transportation infrastructure · Economic and Environmental Valuation · Engineering · Fiscal Policy and Economic Growth · Housing Market and Economics · Finance