Delft, Jolevi van (2024) Evaluating urban connectivity and its relationship with property appraisal values in Allegheny County. Master thesis.
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Abstract
This thesis aims to quantify the relationship between connectivity features, such as the density of roads (links) and intersections (nodes), and property appraisal values in Allegheny County. By using a hedonic pricing model, the research analyzes data from the Allegheny County Property Transactions Database and the National Neighborhood Data Archive on Urban Connectivity. The findings show that both link and node densities are positively related to higher property values, showing the importance of well-planned transport infrastructure in enhancing property desirability and economic value. Furthermore, the study explores the heterogeneity in connectivity relationships across different neighborhood densities. Results show that urban connectivity has a more substantial relationship with property appraisal values in less densely connected outer-city areas compared to more densely connected inner-city regions. This suggests that the benefits of improved connectivity are more substantial in suburban or rural areas with lower density, while excessive infrastructure in dense urban areas can lead to negative effects that reduce property fair market values. This thesis offers insights for policymakers and urban planners by showing the need for strategic infrastructure development that takes local neighborhood characteristics into account, such as neighborhood density, existing transport networks, and housing attributes, aiming to improve urban growth and maximizing the benefits of connectivity improvements.
| Item Type: | Thesis (Master) |
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| Degree programme: | Real Estate Studies |
| Supervisor: | Duijn, M. van |
| Date Deposited: | 15 Jul 2024 13:37 |
| Last Modified: | 15 Jul 2024 13:37 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/4606 |
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