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Entry level home sale prices and the distribution of income in US zip codes

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  • Douglas Coate

Abstract

In this paper I use data from the American Community Survey, 2015-2020, and from Zillow public use data files to investigate two-bedroom home sale prices in US zip codes. I find that two-bedroom home sale prices are not adversely impacted by income inequality in favor of the well off in the community. In fact, the results show these prices may be slightly higher in communities where high quintile households receive a greater share of community income.

Suggested Citation

  • Douglas Coate, 2022. "Entry level home sale prices and the distribution of income in US zip codes," Working Papers Rutgers University, Newark 2022-001, Department of Economics, Rutgers University, Newark.
    • Handle: RePEc:run:wpaper:2022-001
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    File URL: https://sasn.rutgers.edu/sites/default/files/sites/default/files/inline-files/hsing%20price%20and%20inequality%20coate2022.pdf
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    More about this item

    Keywords

    home values; distribution of income;

    JEL classification:

    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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