Abstract

http://ssrn.com/abstract=975080
 
 

Citations



 


 



Neighborhood Street Layout and Property Value: The Interaction of Accessibility and Land Use Mix


John Matthews


Georgia State University - Department of Public Administration & Urban Studies

Geoffrey K. Turnbull


Georgia State University - Department of Economics


Journal of Real Estate Finance and Economics, Vol. 35, No. 2, 2007

Abstract:     
This paper evaluates how consumers value differences in neighborhood composition and street layout, factors not previously included in empirical studies of house value. Highly connected street patterns are important to New Urbanism. We use measures of neighborhood street connectivity and their interaction with other neighborhood attributes to evaluate how street layout affects property values. We employ two different methods of indexing street layout. Both methods show layout has a significant impact on price, but conclusions are sensitive to the method used. In pedestrian oriented neighborhoods, a more gridiron-like street pattern increases house value using one measure, but greater connectivity decreases house value using the other. In auto-oriented developments, a more gridiron-like street pattern reduces house value using either measure.

Keywords: new urbanism, space syntax, neighborhood design, housing prices

JEL Classification: R14, R29, R52

Accepted Paper Series


Not Available For Download

Date posted: March 28, 2007  

Suggested Citation

Matthews, John and Turnbull, Geoffrey K., Neighborhood Street Layout and Property Value: The Interaction of Accessibility and Land Use Mix. Journal of Real Estate Finance and Economics, Vol. 35, No. 2, 2007. Available at SSRN: http://ssrn.com/abstract=975080

Contact Information

John Matthews
Georgia State University - Department of Public Administration & Urban Studies ( email )
Andrew Young School of Policy Studies
Atlanta, GA 30303-3083
United States
404-413-0259 (Phone)

Geoffrey K. Turnbull (Contact Author)
Georgia State University - Department of Economics ( email )
P.O. Box 3992
Atlanta, GA 30302-3992
United States
404-651-0419 (Phone)
404-651-2737 (Fax)
Feedback to SSRN


Paper statistics
Abstract Views: 1,037

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo4 in 0.453 seconds