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

Matthews, John W.; Turnbull, Geoffrey K.

doi:10.1007/s11146-007-9035-9

Cited by 136 publications

(102 citation statements)

References 27 publications

(33 reference statements)

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“…They include street connectivity, sidewalk availability (McCormack et al 2012), expert opinion (Saelens, Sallis, and Frank 2003), residents' perception , census data, and land-use mix (Matthews, and Turnbull 2007). Given the large number of potential factors that can be used to quantify built environment, Frank et al (2010) introduced the concept of "walkability index" based on conceptual and empirical literature data, by factoring density, mixed land use, and connectivity.…”

Section: Methods To Quantify Walkable Environmentmentioning

confidence: 99%

“…Over the past decade, extensive studies have been performed to address the negative impact of landuse zoning ordinances that result in most residential properties being developed at locations featuring highly segregated land uses and curvilinear or cul-de-sac street patterns (Matthews and Turnbull 2007). Substantial distances have been created between residential properties, commercial properties, and ser-vices locations.…”

Section: Introductionmentioning

confidence: 99%

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The impact of walkable environment on single-family residential property values

Guo

Peeta

Somenahalli

2015

JTLU

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Abstract:Due to the impact of urban sprawl, the need for responsible property investing, and the emerging evidence supporting the linkage between walkable environment (in terms of built environment and walk accessibility) and residential property value, there is a critical need to develop systematic methodologies to quantify the impact of walkable environment on residential property value. This study provides a new generalized dissimilarity index for quantifying landuse mix, a key component of built environment, and a new method for measuring a property's walk accessibility and then links them to residential property values. Ordinary least squares (OLS) regression models are used to validate these methods by examining the empirical property data in Eastern Adelaide, Australia. The results of the OLS models show that the proposed dissimilarity index and property walkaccessibility method outperform other commonly used land-use mix quantification and walk-accessibility methods in estimating singlefamily residential property values in terms of the goodness-of-fit and explanatory power. This study provides insights for investors to understand the impact of walkable environment on single-family residential property values to enable them to make more informed decisions on property investment, and for planners to design neighborhoods featuring better walkable environments.

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Section: Methods To Quantify Walkable Environmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

The impact of walkable environment on single-family residential property values

Guo

Peeta

Somenahalli

2015

JTLU

View full text Add to dashboard Cite

show abstract

“…Recently, Matthews and Turnbull (2007) [3] simultaneously analyzed the contrasting effects of retail proximity on residential property value using two different distance measurements: Euclidian distance for the negative externalities of retail sites and network distance for the proximity benefits. When they calculated the composite effect of travel and straight-line distances, the net effect on housing value peaked at about 170 m and disappeared at about 385 m. This sophisticated research serves as evidence that negative externalities emerge within a short distance but are dominated by the convenience factor beyond a certain distance.…”

Section: Externality Effects On Residential Property Valuementioning

confidence: 99%

“…These negative effects are termed "disamenity effects". As previous empirical research has demonstrated conflicting outcomes concerning the effects of commercial land use in a neighborhood, Matthews and Turnbull (2007) [3] explored the trade-off between the proximity effect and the disamenity effect. However, their distance measurements did not account for the impact of the intensity of commercial activity.…”

Section: Introductionmentioning

confidence: 99%

Measuring the Externality Effects of Commercial Land Use on Residential Land Value: A Case Study of Seoul

2016

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Abstract:Two contrasting theories purport to explain the effects of neighborhood non-residential use on residential property values. In traditional zoning theory, separating land from commercial land use is considered to protect residential environments from negative externalities such as noise, litter, and congestion. By contrast, contemporary planning principles including Smart Growth emphasize positive impacts of mixed land use on residential environment, which lead to more walkable and sustainable communities. This study attempts to empirically investigate how positive and negative externalities of commercial land use, referred to as "proximity effects" and "disamenity effects" respectively, affect residential land values. Using data gathered in Seoul, we pay attention to two particular aspects of commercial land use: spatial concentration and neighborhood scale. Spatial concentration is determined by the number of commercial employees present in the buffer zone around an individual residential parcel. We model four geographically distinct neighborhood scales as we compare spatial concentrations in and across commercial zones. Quadratic regression analyses of our data show the trade-off relationship that a higher spatial concentration of commercial land use in a neighborhood initially results in increased residential land values, but drops off beyond a threshold level by excessive noise or crowding.

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“…Research by Matthews and Turnbull (2007) showed that a grid-like street pattern increases property values in more pedestrian-oriented neighborhoods and decreases property values in autooriented neighborhoods. Other work found that each incremental increase in walkability is associated with an increase in property value of up to 9% (Pivo & Fisher, 2010).…”

Section: Walkability Economic Value and Demandmentioning

confidence: 99%

The walkable dividend : the impacts of walkability on housing and socio-economic composition in Louisville, Ky.

Meares¹

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

Abstract: New Urbanism, Space syntax, Neighborhood design, Housing prices, R14, R29, R52,

Cited by 136 publications

References 27 publications

The impact of walkable environment on single-family residential property values

The impact of walkable environment on single-family residential property values

Measuring the Externality Effects of Commercial Land Use on Residential Land Value: A Case Study of Seoul

The walkable dividend : the impacts of walkability on housing and socio-economic composition in Louisville, Ky.

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