The study looks at: national real estate and consumer trends that affect the potential market for housing within a 1/2-mile of fixed guideway transit stops (TOD); the demographics and travel behavior of residents who live near transit; the potential demand for housing within walking distance of transit stations in the year 2025; and the ability of transit-served regions to accommodate this emerging consumer market.
The study result in four major accomplishments: analysis of CTOD's national TOD database -- a GIS platform for analyzing conditions around the nation's 3,353 fixed transit stops and the 638 additional stations that will be built by 2025; regional housing demand projections for the types of households that show a preference for living in transit-oriented communities; a methodology for assessing the unused capacity of areas within walking distance of transit, which can be used to help measure a region's potential for TOD; and a test of the study's methodology in seven case study regions.
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- Copyright 2004 Center for Neighborhood Technology. All rights reserved.
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