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Proximity, Neighbourhood and the Efficacy of Exclusion

Author

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  • Allen K. Lynch

    (Stetson School of Business and Economics, Mercer University, 1400 Coleman Avenue, Macon, Georgia 31207, USA. lynch_ak@mercer.edu)

  • David W. Rasmussen

    (Department of Economics, DeVoe L. Moore Center, Florida State University, 150 Bellamy Building, Tallahassee, FL 32306 2220, USA. drasmuss@garnet.acns.fsu.edu)

Abstract

This paper uses data on over 2800 house sales in Jacksonville, Florida, to estimate the impact of neighbourhood characteristics on house prices. A GIS progamme is used to develop neighbourhood characteristics that are unique to each observation, thereby allowing the evaluation of the impact of neighbourhood attributes in proximity to the dwelling. Except for population density, the effects of neighbourhood characteristics on property values do not decay over a 3-4-mile distance from the dwelling and the results suggest that neighbourhood characteristics over a large geographical area may have a significant effect on property values. Because the study area is a single jurisdiction, the results suggest that the housing market may generate the Tiebout-like exclusion that is usually associated with fiscal fragmentation.

Suggested Citation

  • Allen K. Lynch & David W. Rasmussen, 2004. "Proximity, Neighbourhood and the Efficacy of Exclusion," Urban Studies, Urban Studies Journal Limited, vol. 41(2), pages 285-298, February.
    • Handle: RePEc:sae:urbstu:v:41:y:2004:i:2:p:285-298
    DOI: 10.1080/0042098032000165253
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    References listed on IDEAS

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    Cited by:

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    2. Ahfeldt, Gabriel M. & Pietrostefani, Elisabetta, 2017. "The compact city in empirical research: A quantitative literature review," LSE Research Online Documents on Economics 83638, London School of Economics and Political Science, LSE Library.
    3. Pierluigi Morano & Paolo Rosato & Francesco Tajani & Benedetto Manganelli & Felicia Di Liddo, 2019. "Contextualized Property Market Models vs. Generalized Mass Appraisals: An Innovative Approach," Sustainability, MDPI, vol. 11(18), pages 1-28, September.
    4. Ahlfeldt, Gabriel M. & Pietrostefani, Elisabetta, 2019. "The economic effects of density: A synthesis," Journal of Urban Economics, Elsevier, vol. 111(C), pages 93-107.
    5. Gabriel M. Ahfeldt & Elisabetta Pietrostefani, 2017. "The Compact City in Empirical Research: A Quantitative Literature Review," SERC Discussion Papers 0215, Centre for Economic Performance, LSE.

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