This paper aims to establish the impact of the Metroplus, the BRT system of Medellin, on housing prices in the city. Using repeated cross-section data from the Quality of Life Survey of Medellin for 2010 and 2014, and a difference-in-differences estimator at the city level as well as per city zones, we found that accessibility to Metroplus had a negative impact on the growth of the rental prices. Results are associated with the differences in demographic characteristics and infrastructure across areas.
Keywords: Public transportation, Bus Rapid Transit. Hedonic price model, Difference in Difference Estimator.