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Impact of Highways on Property Values

Impact of Highways on Property Values PDF Author: Jason Carey
Publisher:
ISBN:
Category : Express highways
Languages : en
Pages : 180

Book Description
This report examined the effects of freeway development on land use and property values. A case study was prepared for the Superstition Freeway (US60) corridor in Mesa and Gilbert, Arizona. Among the findings were the following observations: New freeways provide substantial benefits to users in the form of travel time savings and reductions in costs associated with operating motor vehicles. Access benefits are transferred from highway users to non-users through changes in property values. Freeway construction may have an adverse impact on some properties, but in the aggregate, property values tend to increase with freeway development. Not all property values are affected by freeways in the same way. Proximity to the freeway was observed to have a negative effect on the value of detached single-family homes in the US60 corridor, but to have a positive effect on multifamily residential developments (e.g., condominiums) and most commercial properties. The most important factor in determining negative impact on property values appears to be the level of traffic on any major roads in the proximate area, which implies that regional traffic growth is more significant than the presence of a freeway per se. Given the beneficial effects of freeway development on the value of certain types of properties, local governments may benefit from appropriate planning and zoning decisions in the vicinity of a freeway corridor.

Impact of Highways on Property Values

Impact of Highways on Property Values PDF Author: Jason Carey
Publisher:
ISBN:
Category : Express highways
Languages : en
Pages : 180

Book Description
This report examined the effects of freeway development on land use and property values. A case study was prepared for the Superstition Freeway (US60) corridor in Mesa and Gilbert, Arizona. Among the findings were the following observations: New freeways provide substantial benefits to users in the form of travel time savings and reductions in costs associated with operating motor vehicles. Access benefits are transferred from highway users to non-users through changes in property values. Freeway construction may have an adverse impact on some properties, but in the aggregate, property values tend to increase with freeway development. Not all property values are affected by freeways in the same way. Proximity to the freeway was observed to have a negative effect on the value of detached single-family homes in the US60 corridor, but to have a positive effect on multifamily residential developments (e.g., condominiums) and most commercial properties. The most important factor in determining negative impact on property values appears to be the level of traffic on any major roads in the proximate area, which implies that regional traffic growth is more significant than the presence of a freeway per se. Given the beneficial effects of freeway development on the value of certain types of properties, local governments may benefit from appropriate planning and zoning decisions in the vicinity of a freeway corridor.

The Impact of Highways on Land Uses and Property Values

The Impact of Highways on Land Uses and Property Values PDF Author: Arthur E. Warner
Publisher:
ISBN:
Category : Express highways
Languages : en
Pages : 176

Book Description


Assessing the Effects of Highway-widening Improvements on Urban and Suburban Areas

Assessing the Effects of Highway-widening Improvements on Urban and Suburban Areas PDF Author: Thomas Nelson Harvey
Publisher: Transportation Research Board
ISBN: 9780309058650
Category : Environmental impact analysis
Languages : en
Pages : 56

Book Description
This synthesis will be of interest to highway environmental specialists (particularly those concerned with assessing social and economic impacts), design engineers, planners, utility managers, and others responsible for the planning, design, and implementation of highway-widening improvements. Information is presented on the reasons for highway-widening projects, the nature of the projects, and the methods and practices for application of analytical techniques used to measure the potential or actual impacts of the projects on people and the physical environment. Mitigation measures are also discussed. This report of the Transportation Research Board describes the most recent widening projects as reported by states or other transportation agencies, as well as the most frequently encountered issues in highway widening. Selected examples of widening projects are included, as is some recognition of the need for additional information and research in the areas of social and economic impact measurement.

The Influence of Highway Environmental Effects on Residential Property Values

The Influence of Highway Environmental Effects on Residential Property Values PDF Author:
Publisher:
ISBN:
Category : Real property
Languages : en
Pages : 364

Book Description
This constitutes a report on volume IV of the project entitled 'Community effects of highways reflected by land values' funded during the period July 1, 1971 to October 15, 1973.

Effect of Highway Landscape Development on Nearby Property

Effect of Highway Landscape Development on Nearby Property PDF Author: John H. Brinton
Publisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 104

Book Description
Data were collected and disturbances were measured to determine the effects of physical disturbances by limited access highways on nearby property values. 3 types of analyses were made on the collected data: major-variable analysis, economic analysis, and interview analysis. In the major-variable analysis, relationships and correlations were examined between sound levels and sound level reductions at specific measurement points, and other variables such as sound level perception, present tree diversity, and homeowners' attitudes of buying another house next to the highway. The economic analysis evaluated the effect of highway disturbances and landscape/landforms on property values. The interview analysis was used to evaluate specific complaints or disturbances.

A Critical Review of "Community Effects of Highways Reflected by Property Values"

A Critical Review of Author: Gary R. Allen
Publisher:
ISBN:
Category : Real property
Languages : en
Pages : 10

Book Description
The report reviewed was prepared by Hays Gamble, C. John Langley, Jr., Owen Sauerlender, and other researchers from Pennsylvania State University, who attempted to determine the extent to which certain effects of limited access highways altered the value of residential real estate. The review was intended to provide the highway administrator with a brief, easily digestible summary of the findings presented in that report. In addition, the findings and conclusions that could be accepted without qualification were separated from the findings that warranted deliberation.

Community Effects of Highways Reflected by Property Values

Community Effects of Highways Reflected by Property Values PDF Author: Pennsylvania State University. Institute for Research on Land and Water Resources
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description


Community Effects of Highways Reflected by Property Values

Community Effects of Highways Reflected by Property Values PDF Author: Hays B. Gamble
Publisher:
ISBN:
Category :
Languages : en
Pages :

Book Description


Research on Economic and Social Effects of Highway Improvements

Research on Economic and Social Effects of Highway Improvements PDF Author: Ronald Larson
Publisher:
ISBN:
Category : Express highways
Languages : en
Pages : 302

Book Description


Social and Economic Effects of Highways

Social and Economic Effects of Highways PDF Author: United States. Federal Highway Administration. Socio-Economic Studies Division
Publisher:
ISBN:
Category : Clinical psychology
Languages : en
Pages : 196

Book Description