Does a more centralized urban form raise housing prices?

• 成果类型: Article
• 署名作者: Wassmer, RW; Baass, MC
• 署名单位: California State University System; California State University Sacramento
• 刊物名称: JOURNAL OF POLICY ANALYSIS AND MANAGEMENT
• ISSN/ISSBN: 1520-6838
• DOI: 10.1002/pam.20180
• 发表日期: 2006
• 页码: 439-462
• 关键词: growth management; sprawl; portland; rents

摘要

This paper examines the relationship between various quantitative measures of urban centralization and urban housing prices through the use of a 2000 data set from the 452 Census designated urbanized areas in the United States. An empirical study of this type is necessary because: (1) the theoretical influence of creating more centralized urban areas-or what many would consider less sprawl-on what people pay for housing is indeterminate, (2) now popular Smart Growth policies advocate more centralized urban areas, and (3) some have argued that a cost of this centralization is an increase in the price of homes. After controlling for differences across United States urbanized areas in residents' economic status and demographics, number and type of households, climate, household growth, nonresidential land uses, and the structural characteristics of houses, we find that a more centralized area exhibits a lower median home value and percentage of homes in an upper-end price category. Therefore, we offer no evidence to support the contention that a successful effort to further centralize an urban area raises the price of homes in that urban area. (c) 2006 by the Association for Public Policy Analysis and Management.