Surface Street Traffic Volume and Single-Family House Price
Document Type
Article
Publication Date
6-1-2012
Identifier/URL
40281598 (Pure); 84857485680 (QABO)
Abstract
This study investigates the relationship between surface street traffic volume and single-family house prices in a relatively small city in the US. Hedonic price models are estimated using data from 9670 transactions that occurred between January 1998 and March 2011. It is discovered that parcels fronting or adjacent to a high-traffic street sell, on average, at an 8.1% discount compared to similar parcels that are not so situated. Restricting the analysis to parcels on or adjacent to a high-traffic street, house price and traffic volume are found to be negatively related; a doubling of volume from any particular traffic count, ceteris paribus, reduces selling price by an average of 2.1%.
Repository Citation
Larsen, J. E.
(2012). Surface Street Traffic Volume and Single-Family House Price. Transportation Research Part D: Transport and Environment, 17 (4), 317-320.
https://corescholar.libraries.wright.edu/finance/32
DOI
10.1016/j.trd.2012.01.004
