Land Value Assessment Near Bus Transit Facilities: A Case Study of Selected Transit Centers in Houston, Texas
Ronald E. Goodwin, Carol A. Lewis, Texas Southern University, September 1997, 61 pp. (721924-1)
This is a study designed to measure the potential impacts of transportation facilities upon land values of contiguous properties compared to non-contiguous properties, within a quarter-mile “zone of influence”. A survey was designed and randomly administered to residents within each stated zone of influence, and provided information about the neighborhood and land values. The results of the survey were compared to data from the Harris county appraisal District. Census data were obtained to measure demographic changes from 1980 to 1990 and determine the relationship between socioeconomic variables and the transit facility.
While the existence of the transit facility was welcomed by a majority of the residents, adjacent land values did decrease near three of the four facilities, however, when paring adjacent versus non-adjacent land values, the findings indicate that non-adjacent properties’ land values decreased faster than the adjacent properties. Near the single transit facility where both the adjacent and non-adjacent land values increased, the non-adjacent properties had a greater percentage increase.
The areas where the transit sites are located experienced decreases in population over the period 1980 to 1990, and coincide with the general population decline that occurred within Houston’s 1-610 Loop. Furthermore, it was determined via regression analysis, that the variables with the greatest influence on the changes in land value were the transit center age and changes in population. The findings indicate that the transit facility was not the overriding variable causing changes in land values.
Keywords: Adjacent Property, Contiguous Property, Transit Facilities, Zone of Influence, Land Value, Transit Impacts
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Reference Report #721924-1