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- Title
Impact of Heavy-rail-based Rapid Transit on House Prices: Evidence from the Fremont, CA, Warm Springs BART Extension Project.
- Authors
Mathur, Shishir
- Abstract
This study estimates households' willingness to pay for single-family houses and condominiums/townhouses located within 2 miles of Warm Springs (WS) BART Station in Fremont, CA. The study finds that, compared to the houses sold in the control distance band (2–5 miles away), an average-priced single-family house within 2 miles of the WS BART Station was higher in price by 9 to 15 percent. The total property value increment for the single-family houses is large enough to fund the $802 million Warm Springs BART Extension Project cost five times over.
- Subjects
FREMONT (Calif.); HOME prices; CONDOMINIUMS; WILLINGNESS to pay; VALUATION of real property; HOUSE selling
- Publication
Journal of Planning Education & Research, 2023, Vol 43, Issue 3, p550
- ISSN
0739-456X
- Publication type
Article
- DOI
10.1177/0739456X19898737