The effect of light rail transit service on nearby property values: Quasi-experimental evidence from Seattle

This paper examined the effect of the construction of light rail transit stations on surrounding residential property values in Seattle, Washington. It studied sales of homes in the areas around the seven stations that serve primarily residential areas in the Rainier Valley, using a difference-in-differences regression technique to obtain plausibly causal estimates of the effect of new rail service. For these seven stations, the estimated impact...