Tuesday, June 16, 2009

The Value of a Cul-de-sac

The Value of a Cul-de-sac investigates the correlation between residences located on a cul-de-sac to its home value. Essentially, a cul-de-sac is a dead end street with a turnaround at the end for cars. There are many benefits to living on a street with a cul-de-sac. For example, there is less car traffic which leads to less noise. As a result, there is less crime as there are fewer escape routes. This creates a sense of security and piece of mind. There are many streets in the Arlington Area 83-1 that end in a cul-de-sac. This analysis will investigate whether there is an increase in value of the homes located within a cul-de-sac compared to all of the other homes.

1 comment:

Dr. Hansz said...

This is a do-able topic. You can fairly easily identify (especially using GIS) cul-de-sac and through street locations.

It sounds from your post that you expect to find a premium for cul-de-sac locations. You may very well find one, but you might also consider the New Urbanist perspective which is not so favorable of the cul-de-sac design. What did you find in the literature?