The Impact of Neighborhood Characteristics on House Prices: What Geographic Area Constitutes a Neighborhood?

Katherine Kiel and Jeffrey Zabel

No 9905, Working Papers from College of the Holy Cross, Department of Economics

Abstract: The concept of neighbourhood has been analyzed in many disciplines but there is little consensus on what constitutes a neighbourhood. The theoretical literature in housing economics suggests that neighbourhood characteristics are important in determining the value of a housing unit. Thus, to obtain accurate estimates of the impact of its components on house prices, it is necessary to include neighborhood indicators but the level of aggregation of these variables is unclear.

Keywords: Environment; housing; neighborhoods; prices (search for similar items in EconPapers)
Pages: 44 pages
Date: 1999-01
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Working Paper: The Impact of Neighborhood Characteristics ou House Prices: What Geographic Area Constitutes a Neighborhodd? (1998)
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