A Hedonic Regression of Home Prices in King County, Washington, using Activity-Specific Accessibility Measures
نویسندگان
چکیده
This study examines the influence of accessibility to different types of employment on single-family residential property values using hedonic regression analysis. Using tax assessors’ property attribute records, regional travel demand model outputs, and real property sales transactions from King County, Washington in 1995 and 1998, a hedonic regression analysis is used to determine whether congested single-occupancy vehicle accessibility indices, specific to different types of employment, are significantly associated with property values. The results show that access to commercial and university uses is positively associated with sale prices, while access to K-12 educational and industrial uses is negatively associated with sale prices. TRB 2003 Annual Meeting CD-ROM Original paper submittal – not revised by author. Franklin and Waddell 3
منابع مشابه
Accessibility to goods and services is a complex notion which completely pervades territorial issues
Accessibility to goods and services is a complex notion which completely pervades territorial issues. Some aspects of accessibility are related to physical features and could be expressed using measurement units. Others are related to preferences that depend on values shared among people belonging to various social groups. These values are related to their specific constraints including economi...
متن کاملNew Highways, House Prices, and Urban Development: A Case Study of Toll Roads in Orange County, CA
We examine the link between highways and urban development by employing both hedonic analysis and multiple sales techniques to study the impact of the construction of toll roads in Orange County, California, on house prices. Urban economic theory predicts that if highways improve accessibility, that accessibility premium will be reflected in higher land prices. Our empirical analyses of house s...
متن کاملEstimation of Hedonic Prices for Co-operative Flats in the City of Umeå with Spatial Autoregressive
In this paper we estimate hedonic prices for co-operative flats in the city of Umeå, Sweden, during and . Structural and neighborhood characteristics together with accessibility measures are used as attributes in the hedonic price function. Since there are indications of spatial dependence Ordinary Least Squares estimation is inappropriate. Instead Spatial Autoregressive estimation...
متن کاملThe Geography of Diabetes by Census Tract in a Large Sample of Insured Adults in King County, Washington, 2005–2006
INTRODUCTION Identifying areas of high diabetes prevalence can have an impact on public health prevention and intervention programs. Local health practitioners and public health agencies lack small-area data on obesity and diabetes. METHODS Clinical data from the Group Health Cooperative health care system were used to estimate diabetes prevalence among 59,767 adults by census tract. Area-bas...
متن کاملThe Property Value Impacts of Groundwater Contamination:
There are few studies examining the impacts of groundwater quality on residential property values. Using a unique dataset of groundwater well tests, we link residential transactions to home-specific contamination levels and undertake a hedonic analysis of homes in Lake County, Florida; where groundwater pollution concerns stem primarily from agricultural runoff. We find that testing and contami...
متن کامل