Determinants of real estate values
Abstract
In this paper we present some empirical results on the determinants of real estate values in the New Haven metropolitan area. We attempt to explain housing values using information on the physical characteristics of the house and on some features of the neighborhood in which the house is located. In the latter category we are primarily interested in those features of neighborhoods which can be influenced or controlled by local governments. Determining provisions of zoning codes (or granting variances), routing traffic, allocating services (street sweeping, education, fire protection, etc.) are examples of governmental activities which may affect the nature of neighborhoods. Specific policy changes are frequently advocated or opposed on the grounds of protecting property values so it seems worthwhile to attempt to measure the magnitudes of these effects.
Acknowledgement
The research reported on in this paper was supported by a grant from the National Science Foundation to the Institute for Social Sciences at Yale University and by grants from the National Science Foundation and the Ford Foundation to the Cowles Foundation for Research in Economics at Yale University.
Additional Information
Originally issued as Social Science Working Paper 28.
Copyright and License
© 1974 Academic Press.
Additional details
- Eprint ID
- 83731
- DOI
- 10.1016/0094-1190(74)90013-8
- Resolver ID
- CaltechAUTHORS:20171207-132931967
- NSF
- Yale Institute for Social Science
- Cowles Foundation for Research in Economics
- Ford Foundation
- Submitted
-
1973-01-17Received paper
- Available
-
2005-01-17Published online
- Caltech groups
- Social Science Working Papers
- Other Numbering System Name
- Social Science Working Paper
- Other Numbering System Identifier
- 28
- Publication Status
- Published