REAL ESTATE

Americans want more transit-oriented housing

Nearly 73 percent of Americans support changes in land use or zoning regulations to encourage transit oriented development

Michael Nelson
PadillaCRT
  • Survey shows Americans willing to pay higher mortgages and rents to live in transit-oriented areas.
  • The desire to be near public transit has increased in the last five years among 29 percent of Americans.
  • Such development is within easy walking distance of transit stations, jobs, shops, restaurants and entertainment.
  • The survey also found Americans believe numerous benefits result from transit-oriented development.

NEW YORK

North Brunswick's new transit village will include these luxury townhomes from Pulte Homes. The rents are not modest enough to be considered "affordable."

– Nearly three in four Americans (73 percent) would support changes in land use or zoning regulations in their community that encourage transit-oriented development, according to a new America THINKS national public opinion survey by HNTB Corporation.

The survey, “Transit Oriented Development in America,” found that more than half (55 percent) of Americans so value proximity to public transportation that they are willing to pay more for their mortgage or rent. This is especially true among millennials* who are much more willing to pay more each month than older Americans (70 percent versus 49 percent).

READ: Transit village opens in North Brunswick

The survey also found that the desire to live near public transportation has increased in the last five years among 29 percent of Americans. Millennials again take the lead with 36 percent who want to live near public transportation today more so than in the past five years, versus 25 percent of older Americans.

“The desire to more fully integrate lifestyle with mobility options is causing Americans to rethink their priorities about where they choose to live, and how they travel to work and play,” said Mike Sweeney, PE, HNTB’s Northeast Division president. “The willingness of people to pay more to live in a particular area in exchange for enhanced lifestyle and mobility options sends a clear message about the growing interest, value and importance of transit-oriented development.  This fact will directly impact future decisions about the location and modes of transportation options that respond to these emerging trends.”

According to the Transit Oriented Development Institute, such development is a compact and within easy walking distance of transit stations that contains a mix of uses, such as housing, jobs, shops, restaurants and entertainment. They are centered on high quality train systems, which greatly reduce the need for driving and energy consumption by up to 85 percent.

The America THINKS survey found that more than four in five (83 percent) of all Americans were interested in living near accessible public transportation, including 76 percent of Americans living in rural areas.

Proximity is key

According to the survey, more than half (51 percent) of Americans agree the availability of good public transportation increases their interest in moving to and living in a particular area.  Among millennials, 57 percent are more likely to base their residence decisions on public transportation availability than older Americans (48 percent).

Morristown Gateway has new luxury two-bedroom apartments starting at $2,675 per month.

Similarly, almost half (47 percent) of Americans say being in close proximity to public transportation impacts choices about not only where they live but also where they work and play. This is especially pronounced among millennials (54 percent) versus 44 percent of older Americans.

The survey also found Americans believe numerous benefits result from transit-oriented development.  These include reduced dependency on driving (57 percent); allowing residents to live, work and play in the same area (46 percent); reducing the area’s carbon footprint or negative environmental impact (44 percent); access to better life services and stimulating the local economy (both at 43 percent);  better access between urban and suburban areas (42 percent); access to better entertainment or recreational services (39 percent); access to better jobs (37 percent); and revitalizing urban areas (30 percent)

“Public transportation agencies, as well as state and local governments, are at the front line of responding to these changes. With thoughtful planning and creativity that could include private sector partnerships, they will have the ability to create exciting new opportunities that will enhance peoples’ lives and build new communities for the future,” Sweeney said.

About the survey

HNTB’s America THINKS “Transit Oriented Development in America” survey polled a random nationwide sample of 1002 Americans between April 6 and April 13, 2016.  It was conducted by Kelton Global, which used an e-mail invitation and online survey.  Quotes were set to ensure reliable representation of the entire U.S. population ages 18 and over.  The margin of error is +/- 3.1 percent.

About HNTB

HNTB Corporation is an employee-owned infrastructure solutions firm serving public and private owners and contractors. With more than a century of service, HNTB understands the life cycle of infrastructure and addresses clients’ most complex technical, financial and operational challenges. Professionals nationwide deliver a full range of infrastructure-related services, including award-winning planning, design, program management and construction management. For more information, visit www.hntb.com.