Evaluating Subdivision Characteristics on Single-Family Housing Value Using Hierarchical Linear Modeling Academic Article uri icon

abstract

  • This research quantifies the financial effects of value creation concepts in relation to housing values in a single-family residential development using hierarchical linear modeling (HLM). As a result, value creation concepts such as sense of arrival, greenway connectivity, and the median length of a culde-sac have positive effects on single-family housing values while the number of accessible entrances and the median length of block variables have negative effects on single-family housing values. These results indicate that higher values in a subdivision may result from smaller blocks, interconnected greenways, and a single entrance that provides a sense of arrival.

altmetric score

  • 1

author list (cited authors)

  • Shin, W., Saginor, J., & Van Zandt, S.

citation count

  • 5

publication date

  • January 2011