The Effect of Bus Rapid Transit on Local Home Prices by

While we analyze the housing market for all of Clark County, the entirety of the BRT system operates within the City of Vancouver (population 191,000), which is the commercial and employment center for the county. [...] The line connects the city’s downtown area in the south-east of the city to a major shopping center (the Vancouver Mall) at the western end of the line. [...] Second, we include a distance to Portland time trend (Cit), generated by interacting the number of minutes it takes to drive to the Portland CBD at rush hour by the number of months elapsed since the start of the study period. [...] A related challenge to identifying the e↵ect of the route on home prices is the existence 16 Figure 6: Parallel Trend Properties within a 20 minute walk of a BRT station location and those more than a 30 minute walk from a station location followed parallel price trends prior to the opening of the BRT system. [...] We then calculate the total value of residential real estate in each block group by multiplying the average value of a home in the transaction data by the number of housing units reported in that block group in the 2016 5-year ACS.