This report is among the first in recent years in the United States to examine property value impacts from proximity to BRT stations. A hedonic regression model was estimated to isolate the effect of distance from a BRT station on property values of single-family homes along the Pittsburgh Martin Luther King, Jr. East Busway. Statistically significant, positive property value impacts were found near BRT stations; these impacts are relatively small in magnitude and similar to impacts found from rail transit, as expected.
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