Use of the real estate market to establish light rail station catchment areas

Susan Petheram, Arthur Christian Nelson, Matt Miller, Reid Ewing

Research output: Contribution to journalArticle

10 Citations (Scopus)

Abstract

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.

Original languageEnglish (US)
Pages (from-to)95-99
Number of pages5
JournalTransportation Research Record
Issue number2357
DOIs
StatePublished - 2013
Externally publishedYes

Fingerprint

Light rail transit
Catchments
Rails
Salts

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Mechanical Engineering

Cite this

Use of the real estate market to establish light rail station catchment areas. / Petheram, Susan; Nelson, Arthur Christian; Miller, Matt; Ewing, Reid.

In: Transportation Research Record, No. 2357, 2013, p. 95-99.

Research output: Contribution to journalArticle

@article{563175637883444aa0b638c3c0847e89,
title = "Use of the real estate market to establish light rail station catchment areas",
abstract = "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.",
author = "Susan Petheram and Nelson, {Arthur Christian} and Matt Miller and Reid Ewing",
year = "2013",
doi = "10.3141/2357-11",
language = "English (US)",
pages = "95--99",
journal = "Transportation Research Record",
issn = "0361-1981",
publisher = "US National Research Council",
number = "2357",

}

TY - JOUR

T1 - Use of the real estate market to establish light rail station catchment areas

AU - Petheram, Susan

AU - Nelson, Arthur Christian

AU - Miller, Matt

AU - Ewing, Reid

PY - 2013

Y1 - 2013

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=84885438700&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84885438700&partnerID=8YFLogxK

U2 - 10.3141/2357-11

DO - 10.3141/2357-11

M3 - Article

SP - 95

EP - 99

JO - Transportation Research Record

JF - Transportation Research Record

SN - 0361-1981

IS - 2357

ER -