Impact of Light Rail: A Spatial-Temporal Assessment of Neighboring Residential Property Values in Los Angeles
Document Type
Journal Article
Publication Date
2024
Subject Area
place - north america, place - urban, mode - tram/light rail, economics - value capture, land use - impacts
Keywords
longitudinal hedonic model, light rail station, residential property value, spatial analysis, temporal analysis, difference in difference, gentrification
Abstract
This research examines the impact of light rail stations on housing market by analyzing the 1993–2013 single-family home sale transactions in the City of Los Angeles, California. The study period was divided into seven 3-year periods, and the area was divided into three different groups by income level: low-, middle-, and high-income. The result shows that the opening of light railways increased property values in general. It also revealed the differentiated impacts by neighborhood income levels.
Rights
Permission to publish the abstract has been given by SAGE, copyright remains with them.
Recommended Citation
Noh, Y., & Li, W. (2024). Impact of light rail: a spatial-temporal assessment of neighboring residential property values in Los Angeles. Journal of Planning Education and Research, 44(3), 1634-1649.
