Evaluating Subdivision Characteristics on Single-Family Housing Value Using Hierarchical Linear Modelling
Academic Article
Overview
Identity
Additional Document Info
Other
View All
Overview
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.
