Thinking Outside the (Half-Mile) Circle: Using the Real Estate Market to Establish Variations in Light Rail Station Catchment Areas

Susan Petheram, University of Utah

Summary:

Dissertation Summary:This research empirically evaluates the extent of catchment zones for transit-oriented development (TOD) around light rail station areas using hedonic and spatial modeling techniques. Using a longitudinal approach, an assessment is conducted of how the real estate market capitalizes transit station proximity for retail and office land uses, as well as single-family and multi-family dwellings in Salt Lake County, Utah. The use of hierarchical linear modeling (HLM) allows for an understanding of how this value capitalization varies not only by land use type, but also by station location and typology. The results of this work may reframe the planning of TODs, often constrained to within a half-mile circle around transit stations. An understanding of if and how the value of transit access extends beyond this half-mile circle into surrounding areas will be gained. Implications will be offered for how transit station and land-use planning can be improved to take better advantage of market opportunities.

Impacts:

Findings will impact the planning and policy approaches for neighborhoods surrounding transit stations, with a great understanding of how far the impact is valued and thus, the extent to which planning should be oriented and supportive of the transit station. 

Project Details

Project Type:
Dissertation
Project Status:
In Progress
End Date:
September 30,2014
UTC Grant Cycle:
Tier 1 Dissertation Fellowships Spr. '12
UTC Funding:
$7,500

Other Products

  • Petheram, S., Nelson, A., Miller, M., & Ewing, R. (2013). Use of the Real Estate Market to Establish Light Rail Station Catchment Areas: Case Study of Attached Residential Property Values in Salt Lake County, Utah, by Light Rail Station Distance. Transportation Research Record: Journal of the Transportation Research Board, (2357), 95-99. (PUBLICATION)
  • Thinking Outside the Half-Mile Circle (PRESENTATION)
  • The Value of Neighborhood Transit and Amenities (PRESENTATION)
  • Establishing Upper Bounds of Transit-Supportive Neighborhoods (PRESENTATION)
  • Using the Real Estate Market to Establish Light Rail Station Catchment Areas (PRESENTATION)
  • Beyond TOD: Establishing Upper Bounds of Transit-Supportive Neighborhoods (PRESENTATION)
  • Thinking Outside the Half-Mile Circle for Transit-Oriented Development Policy and Planning (PRESENTATION)
  • Using the Real Estate Market to Establish Light Rail Station Catchment Areas: Case Study of Attached Residential Property Values in Salt Lake County with respect to Light Rail Station Distance (PRESENTATION)