The Impact of Historical Districts on Residential Property Values

Donald Coffin
Additional contact information
Donald Coffin: Indiana University Northwest

Eastern Economic Journal, 1989, vol. 15, issue 3, 221-228

Abstract: Interest in promoting neighborhood revitalization has led local governments and community groups to propose the establishment of historic districts. By creating a historic district, and by imposing land use controls, they hope to foster increased demand for the properties. However, the restrictions may prove burdensome and the additional information may have no value. Using a hedonic pricing model for housing sales for Elgin and Aurora, Illinois, the authors test for the effect on sales prices of location in a historic district and find it positively, but weakly, related to sales price in Elgin and positively related to location in a low-income area in the historic district in Aurora.

Date: 1989
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://web.holycross.edu/RePEc/eej/Archive/Volume15/V15N3P221_228.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:15:y:1989:i:3:p:221-228

Access Statistics for this article

Eastern Economic Journal is currently edited by Cynthia A. Bansak, St. Lawrence University and Allan A. Zebedee, Clarkson University

More articles in Eastern Economic Journal from Eastern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Victor Matheson, College of the Holy Cross ().