Modeling the Effect of Accessibility and Congestion in Location Choice.

摘要

This study explores the relationship between accessibility and congestion, and their impacts on property values. Three research questions are addressed: (1) What is the relation between accessibility and congestion both regional and neighborhood level. (2) Is there a trade-off between accessibility and congestion. (3) What is the effect of accessibility and congestion on property value. To answer these questions, spatial analysis and econometrics are applied to four metropolitan areas in Florida: Miami, Tampa, Orlando, and Jacksonville. The spatial patterns of accessibility and congestion, and the possibility of trade-offs are analyzed using the Hot Spot analysis and correlation analysis. The hypotheses that accessibility has a positive effect and congestion has a negative effect on property value are tested using econometric models. The results show that the effects of accessibility and congestion vary by MSA because each MSA has different degrees of coordination between land use and transportation systems. Only neighborhood park accessibility and neighborhood congestion show a consistent result with the hypothesis regardless of metropolitan areas. Several possibilities of trade-off between accessibility and congestion are shown in the Miami and Tampa MSA. For instance, residents who reside in neighborhoods with low congestion might experience low regional job accessibility. In this case, residents should consider trade-off between neighborhood congestion and regional job accessibility in their residential choice.