Summary
This study examines the impact of the Berryessa BART station on housing prices in San Jose amid the city’s growing affordability crisis. Utilizing housing market data from Redfin and Zillow, a Difference-in-Difference (DiD) approach is used to to compare housing price trends within a 2-mile radius of the station (treatment group) to similar unaffected areas (control group). Additionally, a Hedonic Price Model will assess how factors like proximity to transit, property size, and neighborhood amenities influence housing values. While existing research shows that new transit stations generally increase property values and demand, they can also displace lower-income residents and widen socioeconomic gaps. However, the specific short- and long-term effects of the Berryessa BART station within San Jose’s unique economic environment—characterized by a tech-driven boom and housing shortages—remain underexplored. This study aims to fill this gap by analyzing how the Berryessa station affects housing prices, availability, and displacement patterns in San Jose. The findings will inform urban planning strategies that balance transit development with housing equity and affordability, promoting sustainable and inclusive growth in the region.