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The Effect of Subsidized Housing on Values of Adjacent Housing

Author

Listed:
  • Donald C. Guy
  • John L. Hysom
  • Stephen R. Ruth

Abstract

This is a case study of the effect of subsidized housing on the value of adjacent non‐subsidized housing. Four townhouse clusters in Fairfax County, Virginia, were selected for study because of the high degree of homogeneity between clusters. The clusters are all in the same community but vary in distance from subsidized housing. Sale prices were analyzed using a regression model which included distance from subsidized housing as an independent variable. Based on the results of the regression analysis, the authors conclude that the subsidized housing had a negative impact on the values of adjacent properties.

Suggested Citation

  • Donald C. Guy & John L. Hysom & Stephen R. Ruth, 1985. "The Effect of Subsidized Housing on Values of Adjacent Housing," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 13(4), pages 378-387, December.
    • Handle: RePEc:bla:reesec:v:13:y:1985:i:4:p:378-387
    DOI: 10.1111/1540-6229.00360
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    Citations

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    Cited by:

    1. Michael P. Johnson & Arthur P. Hurter, 1997. "Economic Impacts of Subsidized Housing Location," JCPR Working Papers 2, Northwestern University/University of Chicago Joint Center for Poverty Research.
    2. Mario du Preez & Michael C. Sale, 2012. "Determining the impact of low-cost housing development on nearby property prices using discrete choice analysis," Working Papers 265, Economic Research Southern Africa.
    3. Richard Funderburg & Heather MacDonald, 2010. "Neighbourhood Valuation Effects from New Construction of Low-income Housing Tax Credit Projects in Iowa: A Natural Experiment," Urban Studies, Urban Studies Journal Limited, vol. 47(8), pages 1745-1771, July.
    4. Konstantin A. Kholodilin & Sebastian Kohl & Florian Müller, 2023. "Government-Made House Price Bubbles? Austerity, Homeownership, Rental, and Credit Liberalization Policies and the “Irrational Exuberance” on Housing Markets," Discussion Papers of DIW Berlin 2061, DIW Berlin, German Institute for Economic Research.
    5. Mark G. Dotzour & Terry V. Grissom & Crocker H. Liu & Thomas Pearson, 1990. "Highest and Best Use: The Evolving Paradigm," Journal of Real Estate Research, American Real Estate Society, vol. 5(1), pages 17-32.
    6. Randall S. Guttery, 2002. "The Effects of Subdivision Design on Housing Values: The Case of Alleyways," Journal of Real Estate Research, American Real Estate Society, vol. 23(3), pages 265-274.
    7. Michael P. Johnson & Arthur P. Hurter, 1997. "An Optimization Model for Location of Subsidized Housing in Metropolitan Areas," JCPR Working Papers 12, Northwestern University/University of Chicago Joint Center for Poverty Research.
    8. Sandra Buchel & Martin Hoesli, 1995. "A Hedonic Analysis of Rent and Rental Revenue in the Subsidised and Unsubsidised Housing Sectors in Geneva," Urban Studies, Urban Studies Journal Limited, vol. 32(7), pages 1199-1213, August.
    9. Lyons, Robert F. & Loveridge, Scott, 1993. "An Hedonic Estimation Of The Effect Of Federally Subsidized Housing On Nearby Residential Property Values," Staff Papers 13377, University of Minnesota, Department of Applied Economics.
    10. Anna M Santiago & George C Galster & Peter Tatian, 2001. "Assessing the property value impacts of the dispersed subsidy housing program in Denver," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 20(1), pages 65-88.
    11. Michael P. Johnson & Arthur P. Hurter, 2000. "Decision Support for a Housing Mobility Program Using a Multiobjective Optimization Model," Management Science, INFORMS, vol. 46(12), pages 1569-1584, December.
    12. F Chorley & C Liu, 2021. "Does UK social housing affect housing prices and economic growth? An application of the ARDL model," Economic Issues Journal Articles, Economic Issues, vol. 26(1), pages 21-43, March.

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