Spatial Fragmentation and the Value of Residential Housing

This study examines the impacts of spatial fragmentation and land use diversity on single-family residential real estate values. Through hedonic price analysis, we estimate the implicit price effects of spatial fragmentation and neighborhood land use diversity in the city of Milwaukee, Wisconsin. Sp...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Land economics 2012-02, Vol.88 (1), p.16-27
1. Verfasser: Kuethe, Todd H
Format: Artikel
Sprache:eng
Schlagworte:
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:This study examines the impacts of spatial fragmentation and land use diversity on single-family residential real estate values. Through hedonic price analysis, we estimate the implicit price effects of spatial fragmentation and neighborhood land use diversity in the city of Milwaukee, Wisconsin. Spatial econometric estimates suggest that house prices are negatively impacted by spatial fragmentation at low levels of fragmentation, yet there is a positive price relationship at high levels of fragmentation. The results also suggest that house prices do not share a statistically significant relationship with land use diversity.
ISSN:0023-7639
1543-8325
DOI:10.3368/le.88.1.16