This study is focused on investigating the effectiveness of low heat accumulation asphalt mixture and its impact on the urban heat environment. Infrared radiation experiments showed that the temperature of the asphalt mixture decreased with the increase in far-infrared radiant material. The results also revealed that, compared to asphalt with 0% far-infrared radiant content, the asphalt material with a certain ratio of far-infrared radiation material had higher stability at high and low temperatures as well as good water absorption capacity. The Marshall stability of the specimen mixed with 6% far-infrared radiant was higher by 12.2% and had a residual stability of up to 98.9%. Moreover, the low-temperature splitting tensile strength of the asphalt mixture with 6% far-infrared radiation material increased by 21.3%. The friction coefficient of the asphalt mixtures with 6% and 12% far-infrared radiation material increased by 17.7% and 26.9%, respectively.