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Investments into active transportation infrastructure are often promoted as a strategy for sustainable transportation, better public health, environmental quality, and economic development. Although empirical evidence generally points toward positive property value impacts of off-street greenways and trails, few focus on whether households might have different willingness-to-pay for different types and levels of bicycle infrastructure. This paper aims to fill research gaps in understanding consumer preferences for different types of bicycle facilities by examining property value impacts of four bicycle facility types: on-street advanced bike facilities and bike lanes; and off-street regional multi-use paths and local multi-use paths. Using Portland, Oregon as a case study, this paper applies spatial hedonic pricing models, and characterizes each facility type by both ease of access (distance) and extensiveness of bike network (density) within a range of buffer zones.
We find strong evidence that households prefer to be located close to advanced bike facilities and enjoy a denser network. However, these impacts are not consistent across all types of bicycle facilities. Bike lanes tend to contribute negatively to property values. Model estimations also indicate some positive consumer preference for proximity to local multi-use paths, generally located within urban greenspaces. In addition, extensiveness of on-street bicycle facilities show positive and statistically significant impacts on property values, with diminishing effects as the buffer zone radius is increased. The results of this study should provide practical evidence for planners and policy makers in understanding the range of consumer preferences for various types of bicycle infrastructure investments.
Wei Shi is a PhD student in Toulan School of Urban Studies and Planning at Portland State University. She received her masters degree in Human Geography in China, and worked at AECOM as an economist for one year before joining PSU. Wei is strongly interested in research about travel behavior, transportation and economic impacts of transportation infrastructures, particularly focusing on bicycle. She is also interested in transportation data and modeling, and exploring multiple data sources and methodologies to answer questions of why and how people get around, and what are the impacts on communities.
Transit-oriented development, Transportation -- Planning, cycling -- Effect on housing costs
Transportation | Urban Studies
Shi, Wei, "Valuing Bicycle Infrastructure in Portland, Oregon" (2018). TREC Friday Seminar Series. 140.