The Effects of Traffic Flow on Residential Property Values
- 1 January 1980
- journal article
- research article
- Published by Taylor & Francis in Journal of the American Planning Association
- Vol. 46 (1) , 88-94
- https://doi.org/10.1080/01944368008977020
Abstract
This article presents an empirical study of the effects of traffic flow on residential property values in the community of Grand Rapids, Michigan. Residential values in two identical neighborhoods are compared over a twenty-five year period. One neighborhood serves as a control for the measurement of the impact of changes in traffic flow upon residential values in the other. The results show that residential property values exhibit a surprisingly high elasticity with respect to reductions in traffic flow. The policy implications of these findings for cities laid out in a gridiron street pattern are explored.Keywords
This publication has 1 reference indexed in Scilit:
- Measurement Errors in the Estimation of Home ValueJournal of the American Statistical Association, 1977