2026-09-20T23:47:54Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/176982022-01-13T07:54:44Zcom_1721.1_7582com_1721.1_7581col_1721.1_131023
Henry Pollakowski.
Komiyama, Noriko, 1976-
Massachusetts Institute of Technology. Dept. of Urban Studies and Planning.
Massachusetts Institute of Technology. Department of Urban Studies and Planning
n-us-pa
2005-06-02T18:18:04Z
2005-06-02T18:18:04Z
2004
2004
http://hdl.handle.net/1721.1/17698
56409454
Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2004.
Includes bibliographical references (leaves 64-66).
It has been suggested in various studies that increasing accessibility to a transportation network would influence local property values and their pattern of change over time. This thesis examines the capitalization into single-family housing prices of the construction investment for Interstate 476 (I-476), which had faced public opposition for more than two decades. While the majority of previous capitalization studies have been limited to the areas adjacent to transportation facilities, this thesis analyzes the effect over time of increased accessibility on a larger part of the Philadelphia Metropolitan Statistical Area (MSA). Repeat sale single-family home price indices for zip codes covering the five counties in the greater Philadelphia area for 18 years are used. I find that the area within 7,500m of 1-476 had higher annual appreciation rates than the entire Philadelphia MSA by 0.3% - 2.6% between 1989 and 1994. The higher appreciation began after all the necessary construction approvals were obtained in 1987 and lasted two years after the opening of the last section of the highway.
by Noriko Komiyama.
M.C.P.
66 leaves
2925445 bytes
2925254 bytes
application/pdf
application/pdf
eng
Massachusetts Institute of Technology
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http://dspace.mit.edu/handle/1721.1/7582
Urban Studies and Planning.
Changes in single family housing prices due to the planning and construction of Interstate 476 in Pennsylvania
Thesis
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