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Effect of Suburban Transit Oriented Developments on Residential Property Values

Not Applicable
U.S. Federal
| Suburban |
Community opposition is often a barrier to implementing Transit Oriented Development (TOD). In suburban areas, residents may feel that TOD will cause noise, air pollution, increased congestion and crime into their communities. This study was completed by the Mineta Transportation Institute to determine whether TODs have a negative effect on surrounding residential neighborhoods, which is shown through lower housing prices. Studying the impact of four San Francisco Bay Area suburban TODs and the data compiled suggested that homes within 0.5 mile radius of the Ohlone Chenyweth TOD on average increases the single family home sale price by approximately 1.5% while the impact of TOD was statistically insignificant in the other three areas.