Transitory Effects of Disamenities on Residential Housing Values: The Case of Public and Senior Housing

Thomas Carroll and Mike Clauretie

Journal of Real Estate Portfolio Management, 1999, vol. 5, issue 3, 287-297

Abstract: Executive Summary. This article investigates the effect of low-income and senior housing on the value of nearby residential properties. It is unique in that, in addition to testing for the effect on establishment, it also tests for the duration of the impact. Thirteen projects, including three public senior housing facilities (two large and one moderate in size) are included in the analysis. We investigate the extent and the longevity of the effect of the projects on a sample of 6,321 residential properties. We find that while public housing in general and senior housing in particular has an initial negative impact on nearby property values the effect is neither substantial nor long lasting.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:taf:repmxx:v:5:y:1999:i:3:p:287-297

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DOI: 10.1080/10835547.1999.12089588

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