Research on Accurate House Price Analysis by Using GIS Technology and Transport Accessibility: A Case Study of Xi’an, China

Abstract

Based on the symmetrical public transportation network data of Xi’an, China obtained by geographic information system (GIS) technology in 2019, three urban public transportation indexes of walking accessibility, bus accessibility, and metro accessibility were established, and a real estate price prediction model was built by using several machine learning algorithms to predict and analysis the housing price in Xi’an, China. Firstly, the symmetrical road network data and real estate property data of Xi’an were collected and preprocessed, secondly, the spatial syntax theory and distance calculation method were applied to establish three indexes of traffic accessibility; finally, taking the house property data and the calculated traffic accessibility indexes as the characteristic index, the real estate price prediction model of Xi’an was constructed by using the random forest algorithm (RF), lightweight gradient lift algorithm (LGBM), and gradient lifting regression tree algorithm (GBDT). The prediction accuracy of the final model is 89.2% and the root-mean-square error is 1761.84. The results show that the accessibility of bus and metro to some extent represent the convenience of public transportation in different areas of urban space. The higher the accessibility index is, the more convenient the traffic is. The real estate price model has high prediction accuracy and can reflect the real situation of urban real estate price. The importance of the three accessibility features to the real estate price prediction model are nearly more than 20%, which indicates that the accessibility of urban public transportation has an important impact on the change of urban real estate price, and the development of urban public transportation plays an important role in the real estate economy.