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A Neighborhood-Level Perspective Of Real Estate Determinants In Three U.S. Cities, Mikhail Samarin, Madhuri Sharma

International Journal of Geospatial and Environmental Research

This study examines the relationships between commonly available socio-economic and environmental determinants of real estate (crime, quality of schools, racial/ethnic diversity, and built environment) and real estate values in socially and politically recognized units in the three largest cities of the U.S.—New York, Los Angeles, and Chicago. Utilizing a variety of data sources used by potential real estate buyers, we conduct correlations, mapping, and multiple regression analyses to identify the degrees and strengths of associations between select determinants and real estate values at these politically recognized units. Results suggest that the cities exhibit similar patterns for crime-related characteristics and quality …