What is Near and Recent in Crime for a Homeowner? The Cases of Denver and Seattle

Juan Tomas Sayago-Gomez () and Adam Nowak ()
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Juan Tomas Sayago-Gomez: Regional Research Institute, West Virginia University
Adam Nowak: Department of Economics, West Virginia University

Working Papers from Regional Research Institute, West Virginia University

Abstract: This paper analyzes the effects of the concentration of crime on housing prices using nonparametric methods. Specifically, we use a modified local K-function in order to measure crime concentration. This technique provides us with a crime measure that is not dependent on pre-defined boundaries. Results from this analysis suggest a decrease in housing prices of two percent to seven percent for crimes in the past six months that occur within a quarter of a mile of the house.

Keywords: Crime; Housing Prices; K-functions (search for similar items in EconPapers)
JEL-codes: R23 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2016-03
New Economics Papers: this item is included in nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:rri:wpaper:2016wp01

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