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Effects of Sex Offenders’ Residential Locations on Property Values Using both Parametric and Semiparametric Models

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  • Peiyong Yu

    (University of Hawaii – West Oahu)

Abstract

The objective of this study is to assess the impact of sex offenders’ residential locations on property values in Rochester, New York, by using 19,702 screened single residential housing sales data from 2000 to May 2013. This paper uses both fixed effects and semiparametric models and concludes that the impact from a sex offender’s residential location on property values is only regional. Homeowners residing within 0.1 mile, between a 0.1 and 0.2 miles, and between a 0.2 and 0.3 mile radius of a nearby sex offender suffer about 7 %, 6 %, and 3 % property value drops, respectively. These percentage changes translate into $4617, $3731, and $1897 reductions for the average-priced house in the sample, respectively. This negative impact dissipates beyond the 0.3 mile radius.

Suggested Citation

  • Peiyong Yu, 2016. "Effects of Sex Offenders’ Residential Locations on Property Values Using both Parametric and Semiparametric Models," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(3), pages 277-291, September.
    • Handle: RePEc:kap:atlecj:v:44:y:2016:i:3:d:10.1007_s11293-016-9505-7
    DOI: 10.1007/s11293-016-9505-7
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    References listed on IDEAS

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    4. Thaler, Richard, 1978. "A note on the value of crime control: Evidence from the property market," Journal of Urban Economics, Elsevier, vol. 5(1), pages 137-145, January.
    5. Leigh Linden & Jonah E. Rockoff, 2008. "Estimates of the Impact of Crime Risk on Property Values from Megan's Laws," American Economic Review, American Economic Association, vol. 98(3), pages 1103-1127, June.
    6. Pope, Jaren C., 2008. "Fear of crime and housing prices: Household reactions to sex offender registries," Journal of Urban Economics, Elsevier, vol. 64(3), pages 601-614, November.
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