The Impact of Neighborhood Characteristics on House Prices: What Geographic Area Constitutes a Neighborhood?
AbstractThe 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 InfoPaper provided by College of the Holy Cross, Department of Economics in its series Working Papers with number 9905.
Length: 44 pages
Date of creation: Jan 1999
Date of revision:
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Web page: http://www.holycross.edu/departments/economics/website/
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Environment; housing; neighborhoods; prices;
Other versions of this item:
- Kiel, K.A. & Zabel, J.E., 1998. "The Impact of Neighborhood Characteristics ou House Prices: What Geographic Area Constitutes a Neighborhodd?," Papers 98-04, Wellesley College - Department of Economics.
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
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- 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.
- Zabel, Jeffrey E., 2004. "The demand for housing services," Journal of Housing Economics, Elsevier, vol. 13(1), pages 16-35, March.
- Yannis M. Ioannides & Tracey N. Seslen, 2001.
"Neighborhood Wealth Distributions,"
Discussion Papers Series, Department of Economics, Tufts University
0116, Department of Economics, Tufts University.
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