Abstract
Sacramento Regional Transit has many plans to expand its light rail system. Understanding where the light rail is valued and where it is not valued should be beneficial in guiding future expansions. For this research, hedonic price models estimate how Sacramento County residents value their light rail system, how values for light rail may differ along the Blue and Gold lines, and how socio-economic and urban physical characteristics influence value for light rail, by measuring how rail proximity affects home values. Overall, immediate light rail proximity contributes to lower home-values in Sacramento that become negligible with greater separation. Furthermore, light rail proximity contributes to higher home-values along the Gold Line and lower values along the Blue Line. Some socio-economic and urban physical characteristics affect how residents value rail proximity. Overall, light rail is not a highly valued amenity in Sacramento, though some areas value it more than others do.