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What is Near and Recent in Crime for a Homeowner? The Cases of Denver and Seattle

Author

Listed:
  • Juan Tomas Sayago-Gomez

    (Regional Research Institute, West Virginia University)

  • Adam Nowak

    (Department of Economics, West Virginia University)

Abstract

This paper analyzes the effects of the concentration of crime on housing prices using nonparametric methods. Specifically, we use a modified local K-function in order to measure crime concentration. This technique provides us with a crime measure that is not dependent on pre-defined boundaries. Results from this analysis suggest a decrease in housing prices of two percent to seven percent for crimes in the past six months that occur within a quarter of a mile of the house.

Suggested Citation

  • Juan Tomas Sayago-Gomez & Adam Nowak, 2016. "What is Near and Recent in Crime for a Homeowner? The Cases of Denver and Seattle," Working Papers Working Paper 2016-01, Regional Research Institute, West Virginia University.
    • Handle: RePEc:rri:wpaper:2016wp01
    as

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    File URL: https://researchrepository.wvu.edu/rri_pubs/26/
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    References listed on IDEAS

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    More about this item

    Keywords

    Crime; Housing Prices; K-functions;
    All these keywords.

    JEL classification:

    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

    NEP fields

    This paper has been announced in the following NEP Reports:

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