The Rental Price of Housing in New York City, 1830–1860

Robert Margo

The Journal of Economic History, 1996, vol. 56, issue 3, 605-625

Abstract: Advertisements from antebellum New York City newspapers are used to estimate hedonic indices of the rental price of housing. Rents varied with the quality of housing and its location, suggesting a well-defined market for rental housing. Controlling for housing characteristics and location, the relative price of housing rose between 1830 and 1860.

Date: 1996
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