This paper investigates the relationship between accessibility improvements to limited-access roadways and residential property prices. We wish to test the hypothesis that houses located in proximity of limited-access roadways exhibit resilience to price decline. We use propensity score matching approach to select treatment and control parcels for two separate limited access roadways in Miami-Dade and Hillsborough County, Florida. We employ two panel dataset where parcel-level data are collected for a treatment and control group. Parcels within the treatment group are those that are within a 1.5 mile buffer around the access points to the limited-access route. Control groups are parcels within the county selected using a propensity-score matching approach to find neighborhoods sharing similar socio-demographic and housing characteristics with the treatment group. Both panels cover the period 2005-2010 and span two separate limited-access roadways located in Miami-Dade and Hillsborough County, Florida. We look at empirical evidence of price differentials before/after construction and operation of network improvements.
展开▼
