An Evaluation of Property Values in NJ Transit Values (2011)
Robert Noland, Ph.D., Michael Lahr, Ph.D., and Stephanie DiPetrillo (Alan M. Voorhees Transportation Center)
This report analyzes whether the New Jersey Transit Village Initiative has led to increases in property values in municipalities that are part of the program. The results show that there is a likely association between higher residential property values and a Transit Village designation; however, the authors were unable to determine a direct cause and effect relationship.