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...
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| Veröffentlicht in: | Land economics 2012-02, Vol.88 (1), p.16-27 |
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| container_title | Land economics |
| container_volume | 88 |
| creator | Kuethe, Todd H |
| description | 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. |
| doi_str_mv | 10.3368/le.88.1.16 |
| format | Article |
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| ispartof | Land economics, 2012-02, Vol.88 (1), p.16-27 |
| issn | 0023-7639 1543-8325 |
| language | eng |
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| source | Business Source Complete; JSTOR Archive Collection A-Z Listing |
| subjects | Cities Commercial transportation Downtowns Dwelling value Econometrics Economic models Economic theory Economic value Economics Estimates Fragmentation Houses Housing Housing prices Land economics Land use Low level Milwaukee neighborhoods Neighbourhoods prices Property values Real estate Real estate economics Residential residential areas Single family Spatial analysis Spatial models Studies U.S.A Wisconsin |
| title | Spatial Fragmentation and the Value of Residential Housing |
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