This research was funded by the National Institute for Transportation and Communities, or NITC, a program of TREC at Portland State University. Funding was also provided the National Center for Transit Research (NCTR) at the University of South Florida.
Transit-oriented development, Transportation -- Planning, Bus rapid transit
This research contributes to the relatively small body of literature on property value impacts of BRT in the U.S. by conducting a case study on Lane Transit District’s EmX BRT service in Eugene, Oregon, using econometric modeling techniques to estimate changes in property values associated with the BRT. The analysis is based on hedonic price regression analysis, where sale prices are modeled using several property characteristics that contribute to the market or sale price. The findings of this research indicate that the EmX BRT system does positively impact surrounding single-family home sale prices.
Perk, V., Catala, M., Mantius, M., Corcoran, K. Homes Close to Fast Transit: The Value is Still Rising. Project Brief NITC-RR-894. Portland, OR: Transportation Research and Education Center (TREC), 2017.