The center restored: Chicago's residential price gradient reemerges

Daniel McMillen ()

Economic Perspectives, 2002, vol. 26, issue Q II, 2-11

Abstract: After a long period during which house prices were not affected by distance from Chicago's central business district, values now decline by more than 8 percent per mile. Annual appreciation rates in house prices are higher in neighborhoods close to the city center with large minority populations, high concentrations of poverty, and many vacant homes in 1990.

Keywords: Chicago (Ill.); Housing - Prices; Population (search for similar items in EconPapers)
Date: 2002
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