The Suburban Housing Market: Effects of City and Suburban Employment Growth

Richard Voith

Real Estate Economics, 1999, vol. 27, issue 4, 621-648

Abstract: Using a data set of over 88,000 housing sales, we find that city employment growth has a significant positive effect on suburban house values; this effect is largest for housing closest to the central business district and declines with increasing distance from it. City employment growth has a negative effect on the rate of suburban house construction; the magnitude of the effect increases with distance. Suburban employment growth has little aggregate effect on house prices, and there is less variation by distance. Suburban growth has a significant effect on construction rates, especially at locations near the urban fringe.

Date: 1999
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https://doi.org/10.1111/1540-6229.00786

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Working Paper: The suburban housing market: effects of city and suburban employment growth (1996)
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