Impact of Railway Stations on Property Value
Train and subway stations play a significant role in both transit networks and the urban environment. While numerous studies have examined stations’ effect on property values, the results have been mixed: Some show a negative impact, others insignificant differences, and some indicate positive effects.
To understand the variation in results, a 2007 meta-analysis, “The Impact of Railway Stations on Residential and Commercial Property Value,” synthesized U.S. and international studies. The papers examined many different systems types, from bus rapid transit to heavy rail, and all types of property, including vacant lots, homes, businesses, and industrial sites.
Based on the available literature, the metastudy concluded:
- Because of their larger service area, commuter rail stations have a greater impact on property values than light rail or subway stations.
- Commercial properties within a quarter mile of a station sell or rent for 12.2% more than residential properties in the same distance range.
- For every 250 meters closer to a railway station, the property value effect is 2.3% higher for residential properties than commercial properties.
- When transit modes other than trains are available in an area, railway stations generally have a lower impact on property value.
Tags: congestion, metastudy, transit, employment, municipal, infrastructure
Read the issue-related Boston Globe article titled "South Coast Rail Project Seen as Economic Boon."
- If you were to rewrite the article based on knowledge of the Amsterdam University study, what key changes would you make?
Read the full Amsterdam University study titled "The Impact of Railway Stations on Residential and Commercial Property Value."
- Summarize the study in fewer than 40 words.
- Express the study's key term(s) in language a lay audience can understand.
- Evaluate the study's limitations. (For example: Do the results conflict with those of other reliable studies? Are there weaknesses in the study's data or research design?)
- Write a lead (or headline or nut graph) based on the study.
- Spend 60 minutes exploring the issue by accessing sources of information other than the study. Write a lead (or headline or nut graph) based on the study but informed by the new information. Does the new information significantly change what one would write based on the study alone?
- Interview two sources with a stake in or knowledge of the issue. Be prepared to provide them with a short summary of the study in order to get their response to it. Write a 400-word article about the study incorporating material from the interviews.
- Spend additional time exploring the issue and then write a 1,200-word background article, focusing on major aspects of the issue.