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Central City Revitalization: A Predictive Model

David Melchert and Joel L. Naroff

Real Estate Economics, 1987, vol. 15, issue 1, 664-683

Abstract: The object of this paper is to increase the understanding of the gentrification process by developing a set of representative indices that could be used to assess the likelihood of gentrification occurring in a central city neighborhood. Using Boston, Massachusetts as a representative city, economic, housing, social and amenity variables were collected from the 1970 U.S. Census. A sample of blocks that did and did not revitalize after 1970 was chosen. As the gentrification outcome was known with certainty, a logistic regression model was estimated. The estimated model quite accurately classified the neighborhoods into their respective grouping, resulting in a block‐level statistical model of housing revitalization.

Date: 1987
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Handle: RePEc:bla:reesec:v:15:y:1987:i:1:p:664-683