Fading premiums: The effect of light rail on residential property values in Minneapolis, Minnesota

B-Tier
Journal: Regional Science and Urban Economics
Year: 2018
Volume: 69
Issue: C
Pages: 1-10

Authors (2)

Pilgram, Clemens A. (not in RePEc) West, Sarah E. (Macalester College)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This study uses property-level repeat sales transaction data to test for the presence of a premium for single-family homes within half a mile of stations on the METRO Blue Line in Minneapolis, Minnesota. Using a difference-in-differences approach, we find that the premium for station proximity varies substantially depending on control group and period definitions for “after” light rail. Using homes in the rest of Minneapolis as controls yields growing positive premiums from proximity to light rail stations, while using homes in neighborhoods similar to those near stations yield smaller premiums that fade to zero over time.

Technical Details

RePEc Handle
repec:eee:regeco:v:69:y:2018:i:c:p:1-10
Journal Field
Urban
Author Count
2
Added to Database
2026-01-29