Black-White Appreciation of Owner Occupied Homes in Upper Income Suburban Integrated Communities: The Cases of Maplewood and Montclair, New Jersey
The purpose of this paper is to examine black-white differences in housing appreciation in northern New Jersey, with particular emphasis on the communities of Montclair and Maplewood in the 1970 to 2000 period. We find that home appreciation at the block group level in these communities was inversely related to changes in the black population. The effect of changes in the proportion of the population that was black on home appreciation was similar to the effects of changes in black population at the census tract level in the northern New Jersey region as a whole. These high income communities with award winning school districts and well maintained housing stocks were not immune from the effects of race on home appreciation.
|Date of creation:||Jan 2008|
|Date of revision:|
|Contact details of provider:|| Postal: 360 Dr. Martin Luther King, Jr. Blvd., Newark, NJ 07102|
Phone: (973) 353-5259
Web page: http://www.ncas.rutgers.edu/economics
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Robert Barsky & John Bound & Kerwin Charles & Joseph Lupton, 2001.
"Accounting for the Black-White Wealth Gap: A Nonparametric Approach,"
NBER Working Papers
8466, National Bureau of Economic Research, Inc.
- Barsky R. & Bound J. & Charles K.K. & Lupton J.P., 2002. "Accounting for the Black-White Wealth Gap: A Nonparametric Approach," Journal of the American Statistical Association, American Statistical Association, vol. 97, pages 663-673, September.
- Macpherson, David A & Sirmans, G Stacy, 2001. "Neighborhood Diversity and House-Price Appreciation," The Journal of Real Estate Finance and Economics, Springer, vol. 22(1), pages 81-97, January.
- Sunwoong Kim, 2000. "Race and home price appreciation in urban neighborhoods: Evidence from Milwaukee, Wisconsin," The Review of Black Political Economy, Springer;National Economic Association, vol. 28(2), pages 9-28, December.
- Patrick Bajari & Matthew E. Kahn, . "Why Do Blacks Live in The Cities and Whites Live in the Suburbs?," Working Papers 00007, Stanford University, Department of Economics.
- Michael Devaney & William Rayburn, 1993. "Neighborhood Racial Transition and Housing Returns: A Portfolio Approach," Journal of Real Estate Research, American Real Estate Society, vol. 8(2), pages 239-252.
- Katherine A. Kiel & Richard T. Carson, 1990. "An Examination of Systematic Differences in the Appreciation of Individual Housing Units," Journal of Real Estate Research, American Real Estate Society, vol. 5(3), pages 301-318.
- Coate, Douglas & Vanderhoff, James, 1993. "Race of the Homeowner and Appreciation of Single-Family Homes in the United States," The Journal of Real Estate Finance and Economics, Springer, vol. 7(3), pages 205-12, November.
When requesting a correction, please mention this item's handle: RePEc:run:wpaper:2008-001. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vlad Manole)
If references are entirely missing, you can add them using this form.