Before-and-after analysis of property value around SunRail stations in Orlando, FL

ABSTRACT

This study explored the changes in housing values before-and-after the several stages of transit investments of SunRail stations in Orlando, FL by using a pre-post and intervention-control design. During the construction period, most of the stations showed no statistically significant differences in housing value changes. For the operation period, houses in the 1-mile buffers around stations displayed lower value increases than those in the adjacent 1-2-mile areas by $9,254, $4,034, and $9,009, respectively. These economic effects have informed urban and transportation planners to consider the locational contexts of transit stations and formulate relevant policies to stabilize the real estate market.

Disclosure statement

No potential conflict of interest was reported by the authors.