Traffic congestion, accessibility to employment, and housing prices: A study of single-family housing market in Los Angeles County

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12 Citations (Scopus)

Abstract

This study mainly addresses two main questions: (1) whether traffic congestion negatively affects single-family house price by constraining accessibility to jobs; (2) whether congestion effects and accessibility effects vary by income groups within a metropolitan area. This study uses a multilevel hedonic price model to estimate the marginal price of accessibility while controlling for other neighbourhood attributes and the correlation of proximal housing sales. The congestion effects are identified by comparing the implicit price of accessibility between congested-flow and free-flow. The results show that the accessibility measured with congested time yields higher marginal price, suggesting that households are willing to pay more to avoid locations with high congestion delays and accessibility loss. The results also suggest that accessibility effects are more valued by homebuyers in middle-income neighbourhoods, compared with those in the lowest or highest income neighbourhoods.

Original languageEnglish
Pages (from-to)3423-3445
Number of pages23
JournalUrban Studies
Volume54
Issue number15
DOIs
Publication statusPublished - 1 Nov 2017

Keywords

  • accessibility to employment
  • housing prices
  • multilevel linear model
  • traffic congestion

ASJC Scopus subject areas

  • Environmental Science (miscellaneous)
  • Urban Studies

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