Explore the impact of road configuration on urban housing price

Authors: Meifang Chen*, University of Texas at Dallas
Topics: Spatial Analysis & Modeling, Urban Geography
Keywords: space accessibility, urban house price, Space Syntax method, Spatial Hedonic model
Session Type: Paper
Day: 4/6/2020
Start / End Time: 9:35 AM / 10:50 AM
Room: Plaza Court 5, Sheraton, Concourse Level
Presentation File: No File Uploaded

The road configuration influences the spatial accessibility of the city, thus it appears to influence the house price market. The existing studies mainly use Euclidian distance or network distance to Central Business District (CBD), open space, or shopping mall to measure the proximity to the target, however, a comprehensive and systematic spatial network accessibility indicator based on the road configuration is under-discussed. This paper intends to fill this gap and investigates the association between road configuration and urban hosing price. The method of space syntax is used to quantify and abstract the hidden accessibility information from road configuration and test the impact on urban housing prices under the framework of the Spatial Hedonic Model. A case study of 3 years house sales price in the City of Plano, Texas from the year 2016 to 2018 is analyzed and tested both at individual and area aggregated levels. Spatial effects including Spatial Autocorrelation and Spatial Heterogeneity are also taken into account in the dataset.

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