Effects of thoroughfares on residential and commercial values in two cities : final report.

Details

• Creators:
  Carter, Charles C. ; Farkas, Z. Andrew ; Inkoom, Patrick ; James, Petronella A.
• Corporate Creators:
  National Transportation Center (U.S.) ; Morgan State University
• Corporate Contributors:
  United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Transportation
• Subject/TRT Terms:
  • Commercial strips
  • Highways
  • Multiple regression analysis
  • Prices
  • Property values
  • Radial highways
  • Real property
  • Residential areas
  • Statistical analysis
  • Apartment prices
  More +
• Publication/ Report Number:
  MD-03 SP208B4L ; MSU Number 0102-012 Carter
• Resource Type:
  Tech Report
• Geographical Coverage:
  United States ; Maryland ; Baltimore (Maryland) ; Oregon ; Portland (Oregon) ; Pennsylvania ; Philadelphia (Pennsylvania) ; Virginia
• Edition:
  Final report
• Corporate Publisher:
  National Transportation Center (U.S.)
• Abstract:
  The objectives of this study are (1) to gauge benefits in the way property values relate to highways and radial ; thoroughfares in metropolitan Baltimore; (2) to compare these results specifically to studies done in Philadelphia, ; Portland, Oregon, and other locations as mentioned in the literature, and (3) to detect and describe property valuation ; patterns for main highways through Maryland’s Lower Eastern Shore and Highways ; The project involved multiple regression analysis (an hedonic model) to determine the presence and nature of ; apartment price gradients within the Baltimore Metropolitan area. Descriptive statistical analysis of recent sales of ; apartments and commercial properties on Maryland’s Lower Eastern Shore was also conducted. Baltimore City and ; County apartment real estate prices decreased with distance from the city center. Baltimore County apartment real ; estate prices decreased with distance from 11 radial thoroughfares. No price gradient was found relating apartment ; prices with distance to the Baltimore Beltway. Impacts of recent road widening of the radial thoroughfares were not ; found. Otherwise, properties in the rural area of Maryland’s Lower Eastern Shore were found to cluster near the three ; main highways and the towns consistent with general access to these features.
  More +
• Format:
  PDF
• Funding:
  SP208B4L
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/31216/dot_31216_DS1.pdf
• File Type:
  [PDF - 2.33 MB]
• Collection(s):
  University Transportation Centers ; US Transportation Collection
• Main Document Checksum:
  urn:sha256:e3d5ccfefbcd8b6a820922bbcc713f1c99e3d871b6da7dde0e4d406bbf60087c