This study investigates the impact of freeway traffic (especially truck traffic) on 4,715 single-family houses located in the busy transportation corridor that links the ports of Los Angeles and Long Beach to downtown Los Angeles, California. These houses are located at least 200 m from the nearest arterial road; this distance was selected to filter out the effects of arterial road traffic. To minimize the risk of omitted variable bias and to deal with spatial autocorrelation, researchers estimated a fine-grained fixed effects model. A 1% increase in total traffic would reduce by only $24 the value of a $420,000 house located within 100 m of a freeway. By contrast, a 1% increase in truck traffic would decrease the value of a $420,000 house located between 100 and 400 m from the nearest freeway by $2,000 to $2,750. These results are important for policy makers and for homeowners because of the expanding role of trucking in the economy.
Assessing Impacts of Freeway Truck Traffic on Residential Property Values
Southern California Case Study
Transportation Research Record
Transportation Research Record: Journal of the Transportation Research Board ; 2288 , 1 ; 48-56
2012-01-01
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
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