Abstract
AbstractWe examined the hedonic price of neighborhood racial composition across a sample of 180 US housing markets and compared heterogeneity in results. Statistically significant estimated price elasticities calculated at the mean ranged from −0.61 to 0.2 and −0.26 to 0.21, for increases in Black and Hispanic neighborhood proportion, respectively. Hedonic price discounts for Black neighborhoods were greater when land supply was more inelastic, when the land value share of the housing cost was greater, and in the southern portion of the United States. Hedonic price discounts associated with Hispanic neighborhoods exhibited no patterns relative to geography or housing supply factors.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
