Evaluating the quality of the residential environment
AbstractThis paper attempts to measure systematically the extent of blight in a single metropolitan area. Using a sample of individual dwelling units, the paper first describes a method of quantifying some previously neglected aspects of residential quality and demonstrates that they are highly valued by urban households. Secondly, it illustrates the feasibility of generalizing these quality measurements of sample dwellings to all city blocks using widely available explanatory variables. The analysis finds strong inferential evidence of an important, but elusive, relationship among the level of public services provided to particular dwelling units (police protection and schools), measures of residential quality, and the market's valuation of these units. The models described in this paper relate to an important range of urban renewal questions. For example, they can be used to obtain lower bound estimates of the potential benefits of urban renewal programs.
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Bibliographic InfoArticle provided by Pion Ltd, London in its journal Environment and Planning.
Volume (Year): 2 (1970)
Issue (Month): 1 (January)
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Web page: http://www.pion.co.uk
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- Chengri Ding & Robert Simons & Esmail Baku, 2000. "The Effect of Residential Investment on Nearby Property Values: Evidence from Cleveland, Ohio," Journal of Real Estate Research, American Real Estate Society, vol. 19(1), pages 23-48.
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- Yan, Sisi & Delmelle, Eric & Duncan, Michael, 2012. "The impact of a new light rail system on single-family property values in Charlotte, North Carolina," The Journal of Transport and Land Use, Center for Transportation Studies, University of Minnesota, vol. 5(2), pages 60-67.
- Lierop, W.F.J. van & Nijkamp, P., 1982. "Perspectives of disaggregate choice models on the housing market," Serie Research Memoranda 0014, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
- R. Sirpal, 1994. "Empirical Modeling of the Relative Impacts of Various Sizes of Shopping Centers on the Values of Surrounding Residential Properties," Journal of Real Estate Research, American Real Estate Society, vol. 9(4), pages 487-506.
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