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Dwellings for the Severely Mentally Disabled and Neighborhood Property Values: The Details Matter

Listed author(s):
  • George Galster
  • Yolonda Williams
Registered author(s):

    The research investigates the effects of dwellings occupied exclusively by severely mentally disabled (SMD) tenants on sales prices of nearby homes. Hedonic price models are estimated for an exhaustive sample of single-family home sales from 1989 to first quarter 1992 in Newark and Mt. Vernon, OH. Proximity within two blocks of rehabilitated dwellings occupied by SMD had no significant relationship with sales prices. Prices of homes proximate to two small, newly constructed apartment complexes were 40% lower after the complexes opened, although those near three other similar apartment complexes were not.

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    File URL: http://www.jstor.org/stable/pdfplus/3146641
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    Article provided by University of Wisconsin Press in its journal Land Economics.

    Volume (Year): 70 (1994)
    Issue (Month): 4 ()
    Pages: 466-477

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    Handle: RePEc:uwp:landec:v:70:y:1994:i:4:p:466-477
    Contact details of provider: Web page: http://le.uwpress.org/

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