What Is a Commuted Value?

The cost of commuting (commuting cost) is defined as the actual distance traveled and the cost of finding alternative modes of transportation, which are important factors affecting housing prices.

Commuting costs

Right!

1. The actual distance from the subway station

2. The actual distance from your car to your destination

3. Number of bus stops and ring line locations

Housing costs and commuting costs are two interrelated endogenous variables in the urban spatial structure. Residents will make a trade-off between the two when choosing a residential location, thus forming a spatial change law of housing prices, building density and commuting behavior.

The cost of commuting has a decisive effect on housing prices. It depends on the actual travel distance to the rail transit station, the actual distance from the car to the destination, the number of bus stops, and the location of the ring road, all of which have significant effects. The longer the actual distance from the rail transit station and the longer the actual distance from the car to the destination, the lower the housing price. The cost of commuting can also be interpreted as the purchase choice behavior of most buyers.

Whether the nearest transportation station in the area where the residence is located is an interchange station has a substantial impact on the convenience of residents' travel, which in turn affects the cost of commuting and thus the price of housing.

Residents' commuting behaviors and ability to commute directly affect their choice of transportation, and then affect location factors such as traffic accessibility. Residents' own commuting habits will affect their commuting frequency, commuting time and commuting costs. In the selection of housing price data, it is necessary to avoid as many communities as possible with specific commuting behaviors to avoid large errors.