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Urban rail transit is a kind of large public infrastructure with significant economic externality, and its efficient access can improve the house price along significantly. This paper, taking Line 2 of Xi 'an metro as an example, carries on the regression analysis on the influencing factors of real estate prices on building Hedonic model from regional characteristics, neighborhood characteristics, structure features, and collecting the related data on different time. The empirical results show that the effect of urban rail transit on appreciation of the real estate is different on different time point, and the subway has network effect. Along with the increase in subway lines, the influence of a single line increases gradually.

Analysis of the Effect of Xi'an Metro Line 2 on Housing Price along the Line on Different Time Points