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Multifamily Housing: A Review of Theory and Evidence

  • Emily Norman Zietz

    ()

    (Middle Tennessee State University, Murfreesboro, TN 37132)

The growing importance of multifamily housing as a viable choice of residence is evidenced by the number of empirical and theoretical studies in real estate literature. Researchers have investigated the role of this sector of the real estate market for decades. This survey article examines more than one hundred studies and categorizes them into five groups: economic and market efficiency issues; property valuation and appraisal issues; regulatory, zoning, and clustering of multifamily complexes; costs, returns, and rental income issues; and demand, vacancy, and occupancy issues. This study seeks to provide a concise, categorical presentation of findings on issues related to the environment and performance of multifamily housing.

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File URL: http://pages.jh.edu/jrer/papers/pdf/past/vol25n02/07.185_244.pdf
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Article provided by American Real Estate Society in its journal Journal of Real Estate Research.

Volume (Year): 25 (2003)
Issue (Month): 2 ()
Pages: 185-244

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Handle: RePEc:jre:issued:v:25:n:2:2003:p:185-244
Contact details of provider: Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
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Order Information: Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
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