Since 1999, 23 New Jersey transit villages have been designated in New Jersey municipalities, with the intention of intensifying development around rail stations and bus hubs. As one test of the effectiveness of this state effort, the appreciation in residential property values is investigated and compared with that in other municipalities in the state. Some limited positive evidence is found to support the New Jersey transit village designation. Econometric analysis of the change in average residential sales price over 9 years finds an association but cannot establish a causal effect. Case study analysis of selected New Jersey transit villages suggests that the forethought, commitment, and political will required to apply for transit village status may be what sparks municipal development rather than the designation itself.


    Zugriff

    Download

    Verfügbarkeit in meiner Bibliothek prüfen

    Bestellung bei Subito €


    Exportieren, teilen und zitieren



    Titel :

    Residential Property Values and New Jersey Transit Village Program


    Weitere Titelangaben:

    Transportation Research Record: Journal of the Transportation Research Board


    Beteiligte:


    Erscheinungsdatum :

    01.01.2012




    Medientyp :

    Aufsatz (Zeitschrift)


    Format :

    Elektronische Ressource


    Sprache :

    Englisch



    Effects of Rail Transit on Residential Property Values

    Pan, Qisheng / Pan, Haixiao / Zhang, Ming et al. | Transportation Research Record | 2014


    Impact of Transit-Oriented Development on Residential Property Values around Urban Rail Stations

    Jiang, Yang / Gu, Peiqin / Cao, Zhejing et al. | Transportation Research Record | 2020


    Capitalization Effects of Rail Transit and Bus Rapid Transit on Residential Property Values in a Booming Economy

    Ma, Liang / Ye, Runing / Titheridge, Helena | Transportation Research Record | 2014



    Impactsof Rail Transit On Property Values

    Diaz, R. B. / American Public Transit Association | British Library Conference Proceedings | 1999