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Neighbouring house transaction response to assisted living facilities and nursing homes

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  • Velma Zahirovic-Herbert
  • Karen M. Gibler

Abstract

Senior group housing that offers services signals that its residents have physical and/or cognitive limitations, which may be viewed as a neighbourhood disamenity. Buyers may discount house values near group homes due to negative perception of the residents or the structure. Most senior group home residents come from the surrounding community; therefore, residents of neighbourhoods with a large proportion of older residents may perceive nearby senior housing as desirable. We employ a system of equations to examine the influence of assisted living and nursing homes on single-family house sales prices and time-on-the market. The results indicate that the presence of a senior group home, especially a nursing home, within one-half mile has a significant negative effect on single-family house prices. The effect is most evident in neighbourhoods with few elderly residents. A clustering effect is present in non-distressed sales. The scale of a nearby senior group home contributes to a longer marketing duration, especially for distressed sales.

Suggested Citation

  • Velma Zahirovic-Herbert & Karen M. Gibler, 2020. "Neighbouring house transaction response to assisted living facilities and nursing homes," Housing Studies, Taylor & Francis Journals, vol. 35(2), pages 195-213, February.
    • Handle: RePEc:taf:chosxx:v:35:y:2020:i:2:p:195-213
    DOI: 10.1080/02673037.2019.1594714
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    Cited by:

    1. Xiaoping Zhou & Tong Lei & Yuyao Wang & Tianzheng Zhang & Yingjie Zhang & Yan Song & Yingxiang Zeng, 2022. "The spillover effect of senior neighbors on housing prices: Evidence from Beijing, China," Growth and Change, Wiley Blackwell, vol. 53(4), pages 1783-1812, December.

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