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The Impact of Neighborhood Characteristics ou House Prices: What Geographic Area Constitutes a Neighborhodd?

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Author Info

  • Kiel, K.A.
  • Zabel, J.E.

Abstract

The concept of neighbourhood has been analyzed in many disciplines but there is little consensus on what constitutes a neighbourhood. The theoretical literature in housing economics suggests that neighbourhood characteristics are important in determining the value of a housing unit. Thus, to obtain accurate estimates of the impact of its components on house prices, it is necessary to include neighborhood indicators but the level of aggregation of these variables is unclear.

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Bibliographic Info

Paper provided by Wellesley College - Department of Economics in its series Papers with number 98-04.

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Length: 26 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:wecoec:98-04

Contact details of provider:
Postal: U.S.A.; Wellesley College, Department of Economics. Wellesley, Massachusetts 02181
Web page: http://www.wellesley.edu/Economics/
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Related research

Keywords: NEIGHBOURHOODS ; HOUSING ; PRICES;

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Cited by:
  1. Zabel, Jeffrey E., 2004. "The demand for housing services," Journal of Housing Economics, Elsevier, vol. 13(1), pages 16-35, March.
  2. Yannis M. Ioannides & Tracey N. Seslen, 2001. "Neighborhood Wealth Distributions," Discussion Papers Series, Department of Economics, Tufts University 0116, Department of Economics, Tufts University.
  3. Gonzalez, Fidel & Leipnik, Mark & Mazumder, Diya, 2013. "How much are urban residents in Mexico willing to pay for cleaner air?," Environment and Development Economics, Cambridge University Press, vol. 18(03), pages 354-379, June.

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