The Effect of a Gated Community on Property and Beach Amenity Valuation

Jeffrey Pompe

Land Economics, 2008, vol. 84, issue 3, 423-433

Abstract: We examine how location in a gated community affects the value of a single-family home and the valuation of a beach. Using data on 2,358 sales on barrier islands near Charleston, South Carolina, the empirical results indicate that homeowners pay a premium of 18.6% for a property in a gated community. The value of location near a beach is greater in gated than nongated communities.

JEL-codes: Q51 R21 (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (19)

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