Proximity to Buffalo's Light Rail Line Impacts Property Values

Key finding is that homes within walking distance saw property values increase, while those next to the station or line decreased.

Published: 10-Jun-2007

Homes in Buffalo located within a half-mile radius of Metro Rail stations are valued between $1,300 and $3,000 more than similar properties not within walking distance of the stations, according to a University at Buffalo study.

The study, “Impact of Proximity to Light Rail Rapid Transit on Station-area Property Values in Buffalo, New York,” was conducted by Daniel Hess, assistant professor of urban and regional planning in the UB School of Architecture and Planning.

Hess and a former student, Tangerine Almeida, began working on the study in 2003-04, when they could not find information from similar studies conducted in another Rust Belt city.

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