Seattle has experienced an explosive rise in population in the last decade and there is no sign of this slowing down. There is a wealth of literature surrounding the way in which public transportation has an effect on the surrounding housing values however no hedonic study has been done on public transportation in the Seattle area. This study responds to the lack of analysis done on the effect that public transportation has in King County.
We use a difference-in-differences and hedonic model to test the effect that the LINK light rail has on houses within a one-mile radius, particularly at the Beacon Hill stop. Utilizing data from the King County Assessor's office, we test to see the change in ideal distance from the light rail for three different time periods. Though the results support the stop having a positive impact on houses in close proximity, the data suggests that additional in-depth research and analysis is needed to build a more robust study for the entirety of the LINK line.
Date of Completion
Bachelor of Science in Economics
Date of Award
University of Puget Sound
Byron, Graham, "The Proximity Effect of the Seattle LINK Public Light Rail on King County Properties" (2019). Economics Theses. 105.