Abstract
These correlations merely indicate degree of association, of course, and do not necessarily imply a cause-effect relationship. Whether population densities create real property values or result from them (or both) in a given situation cannot be learned from this kind of analysis. In any event, certain tentative findings emerge from this study. Among them are the following: (1) In metropolitan Honolulu, at least, there is a high degree of correlation between the two measures of population density, taken together, and real property values. (2) Viewed separately, the two types of density differ widely in their association with property values. Density by place of work is much more highly correlated with assessed value per acre than is density by place of residence. (3) Assessed values of land and improvements, computed separately, show only slightly lower correlations with population densities than is the case with land and improvements combined. ROBERT C. SCHMITT
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