Entry level home sale prices and the distribution of income in US zip codes

Douglas Coate ()

Working Papers Rutgers University, Newark from Department of Economics, Rutgers University, Newark

Abstract: In this paper I use data from the American Community Survey, 2015-2020, and from Zillow public use data files to investigate two-bedroom home sale prices in US zip codes. I find that two-bedroom home sale prices are not adversely impacted by income inequality in favor of the well off in the community. In fact, the results show these prices may be slightly higher in communities where high quintile households receive a greater share of community income.

Keywords: home values; distribution of income (search for similar items in EconPapers)
JEL-codes: O15 R23 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2022-01
New Economics Papers: this item is included in nep-ure
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