Judging from a statistical analysis by Redfin, there is in fact a positive correlation between home values and transit access. But that only applies in areas where transit and walking are already common modes.
Pulling from a Redfin report, Joe Cortright discusses the relationship between home value and Transit Score. "What they find is that, after controlling for these other observable characteristics that we know influence home values, that each additional point of Transit Score is associated with an average of about $2,000 in higher home value."
But it's difficult to distinguish between the effects of walkability and transit access. "As a result, given the overlap between walkable neighborhoods and transit-served ones, its probably difficult, and maybe impossible, to tease out the separate contribution of the two factors."
Cortright concludes, "Measures like Walk Score and Transit Score (and a third sibling, Bike Score) are actually alternate ways of measuring a home's accessibility: how easy it is to reach a range of common destinations."
Another finding: the positive correlation grew more pronounced in places where transit, walking, and biking were already prevalent. But in places dominated by automobile travel, (relatively) high Transit Scores can actually decrease home value.
FULL STORY: Transit and home values
The Best Cities for Public Transit
Redfin released its updated transit scores for 2019 and, while there’s little change in the ranking, cities like D.C. and New York did see changes in their scores.
Most Livable Cities Revisited
This "livable cities" ranking considers transit, walkability, and bikeability.
Walkability Scores Don’t Tell the Whole Story
A new report concludes that common ‘walkability’ measures don’t account for many barriers faced by pedestrians, such as environmental factors and policing.
Four ‘Low-Hanging Fruit’ Zoning Reforms
An excerpt from the latest book on zoning argues for four approaches to reform that can immediately improve land use regulation in the United States.
San Francisco Just Ended Single-Family Zoning
The San Francisco Board of Supervisors voted to Tuesday to eliminate single-family zoning, but pro-development advocates say additional changes are needed to unleash a wave of construction.
U.S. Rental Market Crosses a New Threshold of Affordability
In a first for the country's rental market, most U.S. apartments are asking for more than $2,000 to rent, according to data recently published by Redfin.
Supreme Court Guts the U.S. EPA’s Ability to Limit Carbon Emissions
The consequences of this ruling have long been foretold. With the U.S. Environmental Protection Agency now officially barred from the fight against climate change, Congress will have to act to reduce carbon emissions.
California Approves Revised Los Angeles Housing Element
State officials officially approved the city’s housing plan, which was initially rejected for not doing enough to enhance housing equity.
Lawsuit Could Open Public Access to Colorado Rivers
Colorado is one of few U.S. states that has decided that private property owners supersede the public when it comes to access to rivers and streams.
Town of San Anselmo
Palm Beach Transportation Planning Agency (TPA)
Texas A&M AgriLife Extension
HUD's Office of Policy Development and Research
Harvard Graduate School of Design Executive Education
Harvard Graduate School of Design Executive Education
City of Apache Junction
City of Helena
Gallatin County, Montana
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Hand Drawing Master Plans
This course aims to provide an introduction into Urban Design Sketching focused on how to hand draw master plans using a mix of colored markers.
