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Using a GIS for Real Estate Market Analysis: The Problem of Spatially Aggregated Data

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Abstract

Many databases used for real estate market analysis are not available at the address level. For example, information on employment and unemployment may be available only for labor market areas; and Census data is typically tabulated for blocks or higher levels of spatial aggregation. A Geographic Information System (GIS) associates these spatially aggregated data with the geographical center of the area. This poses special problems when we use a GIS to evaluate linkages between supply and demand. This article presents some solutions to this problem; methods that are relatively easy to implement on a GIS are emphasized. A GIS can be used to calculate a theoretical average travel distance to the population in the geographical area. We propose ways to determine when these theoretical distances are inadequate approximations; and we provide alternatives for these situations.

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  • John Clapp & Mauricio Rodriguez, 1998. "Using a GIS for Real Estate Market Analysis: The Problem of Spatially Aggregated Data," Journal of Real Estate Research, American Real Estate Society, vol. 16(1), pages 35-56.
    • Handle: RePEc:jre:issued:v:16:n:1:1998:p:35-56
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    1. Benjamin, John D & Jud, G Donald & Winkler, Daniel T, 1995. "An Analysis of Shopping Center Investment," The Journal of Real Estate Finance and Economics, Springer, vol. 10(2), pages 161-168, March.
    2. Do, A Quang & Wilbur, Robert W & Short, James L, 1994. "An Empirical Examination of the Externalities of Neighborhood Churches on Housing Values," The Journal of Real Estate Finance and Economics, Springer, vol. 9(2), pages 127-136, September.
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    4. Mauricio Rodriguez & C.F. Sirmans & Allen P. Marks, 1995. "Using Geographic Information Systems to Improve Real Estate Analysis," Journal of Real Estate Research, American Real Estate Society, vol. 10(2), pages 163-174.
    5. Ambrose, Brent W & Springer, Thomas M, 1993. "Spatial Variation of Nonmetropolitan Industrial Location," The Journal of Real Estate Finance and Economics, Springer, vol. 7(1), pages 17-27, July.
    6. Huxhold, William E., 1991. "An Introduction to Urban Geographic Information Systems," OUP Catalogue, Oxford University Press, number 9780195065350.
    7. Waddell, Paul & Berry, Brian J L & Hoch, Irving, 1993. "Residential Property Values in a Multinodal Urban Area: New Evidence on the Implicit Price of Location," The Journal of Real Estate Finance and Economics, Springer, vol. 7(2), pages 117-141, September.
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    Cited by:

    1. Daniel Lo & Kwong Wing Chau & Siu Kei Wong & Michael McCord & Martin Haran, 2022. "Factors Affecting Spatial Autocorrelation in Residential Property Prices," Land, MDPI, vol. 11(6), pages 1-16, June.

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    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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