IDEAS home Printed from https://ideas.repec.org/a/sae/envirb/v48y2021i6p1667-1683.html
   My bibliography  Save this article

Urban decline and residential preference: The effect of vacant lots on housing premiums

Author

Listed:
  • Youngre Noh
  • Galen Newman
  • Ryun Jung Lee

Abstract

Vacant land is a ubiquitous urban phenomenon. The existence of vacant land in a neighborhood can either lower or heighten nearby housing values, depending on its relative development potential. However, this condition has rarely been examined longitudinally, nor has it been examined thoroughly across different socioeconomic conditions. This research examines the impact of vacant lots on housing premiums using 2006–2015 single-family home sale transactions in the City of Minneapolis, Minnesota. The study area was divided into low-, middle-, and high-income levels. The results show that vacant lands have negative impacts on nearby single-family houses and these impacts differ by income level per neighborhood. The study sheds light on how planners and researchers should conceive vacant lands differently in various surroundings and conditions.

Suggested Citation

  • Youngre Noh & Galen Newman & Ryun Jung Lee, 2021. "Urban decline and residential preference: The effect of vacant lots on housing premiums," Environment and Planning B, , vol. 48(6), pages 1667-1683, July.
    • Handle: RePEc:sae:envirb:v:48:y:2021:i:6:p:1667-1683
    DOI: 10.1177/2399808320933906
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/2399808320933906
    Download Restriction: no
    File URL: https://libkey.io/10.1177/2399808320933906?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envirb:v:48:y:2021:i:6:p:1667-1683. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.