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Mature suburbs, property values, and decline in the midwest? The case of Cuyahoga county

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  • Katrin B. Anacker
  • Hazel A. Morrow‐Jones

Abstract

For most U.S. homeowners, a home represents the biggest investment they will ever make, and until recently, most expected the value of their property to rise. If the mature suburbs in which many of these homeowners live have problems or are in decline, property values could decrease and investment value will be lost. We define mature suburbs for Cuyahoga County, OH (the Cleveland area), and analyze the property values of single‐family homes there. We examine how property values have behaved in mature suburbs compared with the central city and developing suburbs and analyze specific factors that have influenced the property value of single‐family homes in these three submarkets from 1985 to 2000. Our analyses show that there is no overall decline in nominal property values. Housing space, nearness to workplaces and transportation networks, and tax rates are important variables in the model, affecting mature suburbs and developing suburbs differently.

Suggested Citation

  • Katrin B. Anacker & Hazel A. Morrow‐Jones, 2008. "Mature suburbs, property values, and decline in the midwest? The case of Cuyahoga county," Housing Policy Debate, Taylor & Francis Journals, vol. 19(3), pages 519-552, January.
    • Handle: RePEc:taf:houspd:v:19:y:2008:i:3:p:519-552
    DOI: 10.1080/10511482.2008.9521645
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    Cited by:

    1. Bernadette Hanlon & Whitney Airgood-Obrycki, 2018. "Suburban revalorization: Residential infill and rehabilitation in Baltimore County’s older suburbs," Environment and Planning A, , vol. 50(4), pages 895-921, June.
    2. Maxwell Hartt & Jason Hackworth, 2020. "Shrinking Cities, Shrinking Households, or Both?," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 44(6), pages 1083-1095, November.
    3. Whitney Airgood-Obrycki, 2019. "Suburban status and neighbourhood change," Urban Studies, Urban Studies Journal Limited, vol. 56(14), pages 2935-2952, November.
    4. John Gilderbloom & Katrina Anaker & Gregory Squires & Matt Hanka & Joshua Ambrosius, 2011. "Why Foreclosure Rates in African American Neighborhoods are so High: Looking at the Real Reaonss," ERSA conference papers ersa11p1597, European Regional Science Association.
    5. Karen Fierro & Thomas Fullerton & K. Donjuan-Callejo, 2009. "Housing Attribute Preferences in a Northern Mexico Metropolitan Economy," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 37(2), pages 159-172, June.

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