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House Price Impacts Of Racial, Income, Education, And Age Neighborhood Segregation

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  • David M. Brasington
  • Diane Hite
  • Andres Jauregui

Abstract

type="main"> We study housing prices and neighborhood segregation. We advance the literature by (1) studying not just racial segregation like previous studies, but also segregation by age, income, and education level, (2) using a finer unit of geography to construct segregation measures, (3) incorporating spatial statistics, and (4) separating segregation effects from underlying population level effects. We find race segregation is positively related to house prices, with an elasticity of 0.19. In contrast, income and educational segregation reduce housing values, with elasticities of −0.23 and −0.21. By comparison, house age has an elasticity of −0.15. Age segregation is not generally capitalized.

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  • David M. Brasington & Diane Hite & Andres Jauregui, 2015. "House Price Impacts Of Racial, Income, Education, And Age Neighborhood Segregation," Journal of Regional Science, Wiley Blackwell, vol. 55(3), pages 442-467, June.
    • Handle: RePEc:bla:jregsc:v:55:y:2015:i:3:p:442-467
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    Cited by:

    1. Enwei Zhu & Stanislav Sobolevsky, 2018. "House Price Modeling with Digital Census," Papers 1809.03834, arXiv.org.
    2. Yuyang Wu & Yao Yao & Shuliang Ren & Shiyi Zhang & Qingfeng Guan, 2023. "How do urban services facilities affect social segregation among people of different economic levels? A case study of Shenzhen city," Environment and Planning B, , vol. 50(6), pages 1502-1517, July.
    3. Brasington, David & Flores-Lagunes, Alfonso & Guci, Ledia, 2016. "A spatial model of school district open enrollment choice," Regional Science and Urban Economics, Elsevier, vol. 56(C), pages 1-18.
    4. Claudia Prieto-Latorre & Oscar D. Marcenaro-Gutierrez & Luis Alejandro Lopez-Agudo, 2021. "The Role of Catchment Areas on School Segregation by Economic, Social and Cultural Characteristics," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 158(3), pages 1013-1044, December.
    5. Lei Zhang & Tammy Leonard, 2021. "External validity of hedonic price estimates: Heterogeneity in the price discount associated with having Black and Hispanic neighbors," Journal of Regional Science, Wiley Blackwell, vol. 61(1), pages 62-85, January.

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