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The Impact of Abandoned Properties on Nearby Property Values

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  • Hye-Sung Han

Abstract

Previous research has shown that housing abandonment contributes to neighborhood decline by depressing nearby property values. However, most past research estimated the impact of abandonment through cross-sectional analysis without controlling for nearby foreclosures or local housing market trends. Therefore, it remains unclear whether abandoned properties reduce nearby property values or whether abandonment is more common in areas with already lower-valued properties. Prior research also has not explored how the duration of abandonment influences nearby property values. Therefore, to extend the current level of understanding of the impact of abandonment, this research examines the impact of abandoned properties on nearby property values in Baltimore, Maryland, from 1991 to 2010 using longitudinal data sets while simultaneously controlling for both nearby foreclosures and local housing market trends. This research finds that as properties are abandoned for longer periods of time, the impact on nearby property values not only increases in magnitude but also is seen increasingly farther away.

Suggested Citation

  • Hye-Sung Han, 2014. "The Impact of Abandoned Properties on Nearby Property Values," Housing Policy Debate, Taylor & Francis Journals, vol. 24(2), pages 311-334, April.
    • Handle: RePEc:taf:houspd:v:24:y:2014:i:2:p:311-334
    DOI: 10.1080/10511482.2013.832350
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    Cited by:

    1. Ha Thi Khanh Van & Tran Vinh Ha & Takumi Asada & Mikiharu Arimura, 2022. "Vacancy Dwellings Spatial Distribution—The Determinants and Policy Implications in the City of Sapporo, Japan," Sustainability, MDPI, vol. 14(19), pages 1-26, September.
    2. Shaye Palagi & Amy Javernick-Will, 2020. "Pathways to Livable Relocation Settlements Following Disaster," Sustainability, MDPI, vol. 12(8), pages 1-25, April.
    3. Hyejeong Yoo & Youngsang Kwon, 2019. "Different Factors Affecting Vacant Housing According to Regional Characteristics in South Korea," Sustainability, MDPI, vol. 11(24), pages 1-14, December.
    4. Chich-Ping Hu & Tai-Shan Hu & Peilei Fan & Hai-Ping Lin, 2020. "The Urban Blight Costs in Taiwan," Sustainability, MDPI, vol. 13(1), pages 1-16, December.
    5. Yoko Kamata & Seonghwan Yoon & Taecheol Lee & Jung Eun Kang, 2023. "Flood Risk and CO 2 Mitigation: Analysis of Climate Change Response of Greening Vacant Houses in Old Downtown Metropolitan Areas," Sustainability, MDPI, vol. 16(1), pages 1-15, December.
    6. Michelle Kondo & Bernadette Hohl & SeungHoon Han & Charles Branas, 2016. "Effects of greening and community reuse of vacant lots on crime," Urban Studies, Urban Studies Journal Limited, vol. 53(15), pages 3279-3295, November.
    7. Jin-Wook Lee, 2021. "Evaluating Ways to Form a Sense of Community in a Shrinking City: The Case of the Media Culture Center, Seocheon, South Korea," Sustainability, MDPI, vol. 13(7), pages 1-14, March.
    8. Pinto, Ana M.F. & Ferreira, Fernando A.F. & Spahr, Ronald W. & Sunderman, Mark A. & Govindan, Kannan & Meidutė-Kavaliauskienė, Ieva, 2021. "Analyzing blight impacts on urban areas: A multi-criteria approach," Land Use Policy, Elsevier, vol. 108(C).
    9. Jonathan Bourne, 2019. "Empty homes: mapping the extent and value of low-use domestic property in England and Wales," Palgrave Communications, Palgrave Macmillan, vol. 5(1), pages 1-14, December.
    10. Philip ME Garboden & Lenny Fan & Tamas Budavari & Amitabh Basu & John David Evans, 2019. "Combinatorial Optimization for Urban Planning: Strategic Demolition of Abandoned Houses in Baltimore, MD," Working Papers 2019-5, University of Hawaii Economic Research Organization, University of Hawaii at Manoa.
    11. Jin-Wook Lee, 2020. "Transforming Unused Spaces in a Shrinking City through Individuals’ Spontaneous Occupation Activities: The Case of Janghang, South Korea," Sustainability, MDPI, vol. 12(16), pages 1-16, August.
    12. Jeong-Il Park, 2019. "A Multilevel Model Approach for Assessing the Effects of House and Neighborhood Characteristics on Housing Vacancy: A Case of Daegu, South Korea," Sustainability, MDPI, vol. 11(9), pages 1-13, April.
    13. Gu, Donghwan & Newman, Galen & Kim, Jun-Hyun & Park, Yunmi & Lee, Jaekyung, 2019. "Neighborhood decline and mixed land uses: Mitigating housing abandonment in shrinking cities," Land Use Policy, Elsevier, vol. 83(C), pages 505-511.
    14. Jin-Wook Lee & Jong-Sang Sung, 2017. "Conflicts of Interest and Change in Original Intent: A Case Study of Vacant and Abandoned Homes Repurposed as Community Gardens in a Shrinking City, Daegu, South Korea," Sustainability, MDPI, vol. 9(11), pages 1-15, November.
    15. Prener, Chris & Braswell, Taylor & Monti, Daniel J., 2018. "St. Louis's "Urban Prairie": Vacant Land and the Potential for Revitalization," SocArXiv bc7eh, Center for Open Science.
    16. Nikolaos Triantafyllopoulos, 2024. "Investigating Energy Renovation of Multi-Owner Buildings and Real Estate Market Issues in a Degraded Greek Urban Area," Sustainability, MDPI, vol. 16(7), pages 1-33, March.

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