• Login
    • Submit
    View Item 
    •   Repository Home
    • UT Electronic Theses and Dissertations
    • UT Electronic Theses and Dissertations
    • View Item
    • Repository Home
    • UT Electronic Theses and Dissertations
    • UT Electronic Theses and Dissertations
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Transit proximity effects : Capital MetroRail and its impact on land prices in Austin, Texas

    Icon
    View/Open
    YU-MASTERSREPORT-2015.pdf (2.258Mb)
    Date
    2015-05
    Author
    Yu, Haitao, M.S.C.R.P
    Share
     Facebook
     Twitter
     LinkedIn
    Metadata
    Show full item record
    Abstract
    Since its first operation in 2010, the 32-mile Austin Capital MetroRail has connected downtown Austin to the city of Leander with 9 stations operating in total. Currently, no research has investigated the impact of the Austin MetroRail on property values. This study fills the research gap by understanding its impacts on property values and other socio-economical influences. Hedonic models have been constructed to assess the effects of transit proximity on land price in this research. The model suggests Austin MetroRail has a positive impact on property values- for properties in the study area, every 100 feet further away from the train station, property values will decrease $13,068/acre. Another analysis of the rail only focused on 7 stations located in the city of Austin and suggests transit premium varies by different neighborhood. In high-income neighborhoods, transit proximity impact is positive; and in middle or low- income neighborhoods, it is negative. When stations were grouped into different study areas, models reveal transit proximity has different effects throughout the system. The research findings confirm the positive effect of Austin MetroRail although in some neighborhoods the effects vary and suggest a series of value-capture strategies to help finance future development.
    Department
    Community and Regional Planning
    Description
    text
    Subject
    Hedonic models
    Transit premium
    Land price
    URI
    http://hdl.handle.net/2152/32250
    Collections
    • UT Electronic Theses and Dissertations
    University of Texas at Austin Libraries
    • facebook
    • twitter
    • instagram
    • youtube
    • CONTACT US
    • MAPS & DIRECTIONS
    • JOB OPPORTUNITIES
    • UT Austin Home
    • Emergency Information
    • Site Policies
    • Web Accessibility Policy
    • Web Privacy Policy
    • Adobe Reader
    Subscribe to our NewsletterGive to the Libraries

    © The University of Texas at Austin

    Browse

    Entire RepositoryCommunities & CollectionsDate IssuedAuthorsTitlesSubjectsDepartmentThis CollectionDate IssuedAuthorsTitlesSubjectsDepartment

    My Account

    Login

    Information

    AboutContactPoliciesGetting StartedGlossaryHelpFAQs

    Statistics

    View Usage Statistics
    University of Texas at Austin Libraries
    • facebook
    • twitter
    • instagram
    • youtube
    • CONTACT US
    • MAPS & DIRECTIONS
    • JOB OPPORTUNITIES
    • UT Austin Home
    • Emergency Information
    • Site Policies
    • Web Accessibility Policy
    • Web Privacy Policy
    • Adobe Reader
    Subscribe to our NewsletterGive to the Libraries

    © The University of Texas at Austin