IDEAS home Printed from https://ideas.repec.org/a/jre/issued/v16n11998p35-56.html
   My bibliography  Save this article

Using a GIS for Real Estate Market Analysis: The Problem of Spatially Aggregated Data

Author

Abstract

Many databases used for real estate market analysis are not available at the address level. For example, information on employment and unemployment may be available only for labor market areas; and Census data is typically tabulated for blocks or higher levels of spatial aggregation. A Geographic Information System (GIS) associates these spatially aggregated data with the geographical center of the area. This poses special problems when we use a GIS to evaluate linkages between supply and demand. This article presents some solutions to this problem; methods that are relatively easy to implement on a GIS are emphasized. A GIS can be used to calculate a theoretical average travel distance to the population in the geographical area. We propose ways to determine when these theoretical distances are inadequate approximations; and we provide alternatives for these situations.

Suggested Citation

  • John Clapp & Mauricio Rodriguez, 1998. "Using a GIS for Real Estate Market Analysis: The Problem of Spatially Aggregated Data," Journal of Real Estate Research, American Real Estate Society, vol. 16(1), pages 35-56.
    • Handle: RePEc:jre:issued:v:16:n:1:1998:p:35-56
    as

    Download full text from publisher

    File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol16n01/v16p035.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Benjamin, John D & Jud, G Donald & Winkler, Daniel T, 1995. "An Analysis of Shopping Center Investment," The Journal of Real Estate Finance and Economics, Springer, vol. 10(2), pages 161-168, March.
    2. Do, A Quang & Wilbur, Robert W & Short, James L, 1994. "An Empirical Examination of the Externalities of Neighborhood Churches on Housing Values," The Journal of Real Estate Finance and Economics, Springer, vol. 9(2), pages 127-136, September.
    3. James A. Thorson, 1994. "Zoning Policy Changes and the Urban Fringe Land Market," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 22(3), pages 527-538, September.
    4. Mauricio Rodriguez & C.F. Sirmans & Allen P. Marks, 1995. "Using Geographic Information Systems to Improve Real Estate Analysis," Journal of Real Estate Research, American Real Estate Society, vol. 10(2), pages 163-174.
    5. Ambrose, Brent W & Springer, Thomas M, 1993. "Spatial Variation of Nonmetropolitan Industrial Location," The Journal of Real Estate Finance and Economics, Springer, vol. 7(1), pages 17-27, July.
    6. Huxhold, William E., 1991. "An Introduction to Urban Geographic Information Systems," OUP Catalogue, Oxford University Press, number 9780195065350.
    7. Waddell, Paul & Berry, Brian J L & Hoch, Irving, 1993. "Residential Property Values in a Multinodal Urban Area: New Evidence on the Implicit Price of Location," The Journal of Real Estate Finance and Economics, Springer, vol. 7(2), pages 117-141, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Daniel Lo & Kwong Wing Chau & Siu Kei Wong & Michael McCord & Martin Haran, 2022. "Factors Affecting Spatial Autocorrelation in Residential Property Prices," Land, MDPI, vol. 11(6), pages 1-16, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Damian Przekop, 2022. "Artificial Neural Networks vs Spatial Regression Approach in Property Valuation," Central European Journal of Economic Modelling and Econometrics, Central European Journal of Economic Modelling and Econometrics, vol. 14(2), pages 199-223, June.
    2. Qiulin Ke & Michael White, 2015. "Retail rent dynamics in two Chinese cities," Journal of Property Research, Taylor & Francis Journals, vol. 32(4), pages 324-340, December.
    3. Liv Osland & Inge Thorsen, 2013. "Spatial Impacts, Local Labour Market Characteristics and Housing Prices," Urban Studies, Urban Studies Journal Limited, vol. 50(10), pages 2063-2083, August.
    4. repec:rom:campco:v:7:y:2011:i:1:p:319-328 is not listed on IDEAS
    5. Randall S. Guttery, 2002. "The Effects of Subdivision Design on Housing Values: The Case of Alleyways," Journal of Real Estate Research, American Real Estate Society, vol. 23(3), pages 265-274.
    6. Hans R.A. Koster & Jan Rouwendal, 2012. "The Impact Of Mixed Land Use On Residential Property Values," Journal of Regional Science, Wiley Blackwell, vol. 52(5), pages 733-761, December.
    7. Adriana REVEIU, 2011. "Techniques And Methods Of Gis For Regional Development," Proceedings of Administration and Public Management International Conference, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 7(1), pages 319-328, June.
    8. Olivier Chanel & Laurence Delattre & Claude Napoléone, 2014. "Determinants of Local Public Policies for Farmland Preservation and Urban Expansion: A French Illustration," Land Economics, University of Wisconsin Press, vol. 90(3), pages 411-433.
    9. Jonathan Levine & Lawrence Frank, 2007. "Transportation and land-use preferences and residents’ neighborhood choices: the sufficiency of compact development in the Atlanta region," Transportation, Springer, vol. 34(2), pages 255-274, March.
    10. Natale Arcuri & Manuela De Ruggiero & Francesca Salvo & Raffaele Zinno, 2020. "Automated Valuation Methods through the Cost Approach in a BIM and GIS Integration Framework for Smart City Appraisals," Sustainability, MDPI, vol. 12(18), pages 1-16, September.
    11. Forgionne, Guisseppi A., 1997. "HADTS: A decision technology system to support Army housing management," European Journal of Operational Research, Elsevier, vol. 97(2), pages 363-379, March.
    12. Vincenzo Del Giudice & Pierfrancesco De Paola & Benedetto Manganelli & Fabiana Forte, 2017. "The Monetary Valuation of Environmental Externalities through the Analysis of Real Estate Prices," Sustainability, MDPI, vol. 9(2), pages 1-16, February.
    13. Richard Voith, 1996. "The suburban housing market: the effects of city and suburban job growth," Business Review, Federal Reserve Bank of Philadelphia, issue Nov, pages 13-25.
    14. Deborah A. Carroll & Christopher B. Goodman, 2022. "Neighborhood Institutions and Residential Home Sales: Evaluating the Impact of Property Tax Exemptions," The Journal of Real Estate Finance and Economics, Springer, vol. 64(2), pages 247-273, February.
    15. Tianren Yang & Ying Jin & Longxu Yan & Pei Pei, 2019. "Aspirations and realities of polycentric development: Insights from multi-source data into the emerging urban form of Shanghai," Environment and Planning B, , vol. 46(7), pages 1264-1280, September.
    16. Sebastian Brandt & Wolfgang Maennig & Felix Richter, 2013. "Do places of worship affect housing prices? Evidence from Germany," Working Papers 048, Chair for Economic Policy, University of Hamburg.
    17. Theo Kleynhans & Pol Coppin & Lloyd Queen, 1999. "Geographic information system concepts for land management," Development Southern Africa, Taylor & Francis Journals, vol. 16(3), pages 519-530.
    18. Ekaterina Chernobai & Michael Reibel & Michael Carney, 2011. "Nonlinear Spatial and Temporal Effects of Highway Construction on House Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 42(3), pages 348-370, April.
    19. Alskait, Khalid & McDonald, Michael & Hassounah, Mazen, 1997. "The impact of urban arterial cross section on abutting property values and rents : The case of Riyadh, Saudi Arabia," Transport Policy, Elsevier, vol. 4(1), pages 49-56, January.
    20. Su Han Chan & Shin-Hering Michelle Chu & George H. Lentz & Ko Wang, 1998. "Intra-Project Externality and Layout Variables in Residential Condominium Appraisals," Journal of Real Estate Research, American Real Estate Society, vol. 15(2), pages 131-146.
    21. Michael Iacono & David Levinson, 2017. "Accessibility dynamics and location premia: Do land values follow accessibility changes?," Urban Studies, Urban Studies Journal Limited, vol. 54(2), pages 364-381, February.

    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jre:issued:v:16:n:1:1998:p:35-56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: JRER Graduate Assistant/Webmaster (email available below). General contact details of provider: http://www.aresnet.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.