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.
Orlando Pledges to Improve Walkability
A city report highlights successes and failures in building safer transportation infrastructure and reducing VMT in 2023.
2024: The Year in Zoning
Cities and states are leaning on zoning reform to help stem the housing crisis and create more affordable, livable neighborhoods.
NACTO Releases Updated Urban Bikeway Guide
The third edition of the nationally recognized road design guide includes detailed design advice for roads that prioritize safety and accessibility for all users.
Denver Pauses Multifamily Development in Westside Neighborhoods Amidst Gentrification Concerns
City officials say the pause on permits for redevelopment projects aims to stop the displacement of long-term residents.
After the Fires: Challenges and Efforts to Heal LA’s Parks and Trails
The recent LA wildfires have devastated parks and trails, with recovery efforts requiring extended closures, collaborative restoration plans, and community support to address extensive damage and long-term risks like landslides.
DC Launches New Round of E-Bike Rebates
District residents can apply for a subsidy of up to $1,500 to purchase e-bikes.
Why Aren’t There More Bollards in US Cities?
Solid barriers, like the dormant ones in New Orleans, are commonly used to improve road safety in Europe. Why not here?
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.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Placer County
Skagit Transit
Berkeley County
Chaddick Institute at DePaul University
HUDs Office of Policy Development and Research
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service
City of Cambridge, Maryland