The Model of the Relationship between Urban Rail Transit and Residential Location

Abstract

In order to investigate the intrinsic relationship between residence choice and urban rail transit, this paper establishes a housing valuation model, explores the interface link between the rail transit and other transport modes by the establishment of a model, and also obtains the family transportation impedance. According to the balanced housing price, the various districts’ hedonic cost, and the generalized transportation impedance, the attractiveness of the various districts with respect to each mobile home is obtained. Satisfaction of any resident is received by establishing a close degree model. Due to the satisfaction and the price, we construct a largest consumer surplus model and then obtain the residence of the greatest consumer surplus for mobile home. Numerical example’s result indicates that all high-income mobile homes will chose the residence for the commute destination district, especially the one in the suburbs. Furthermore, the low-income families chose the residence for the commute destination district, which has the rail transit if the income is allowed, or the nearest district to the destination with rail transportation if not. This illustrates that whether a road having urban rail transit plays a significant impact only on the low-income family residence choice when the commuter routes pass through the road and almost has no influence for other families. Hence, it is shown that the reasonable urban planning is important and that urban rail transit should form a network that will play a key role.