Evaluating Subdivision Characteristics on Single-Family Housing Value Using Hierarchical Linear Modelling
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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.
JOURNAL OF REAL ESTATE RESEARCH
author list (cited authors)
Shin, W., Saginor, J., & Van Zandt, S.
complete list of authors
Shin, Woo-Jin||Saginor, Jesse||Van Zandt, Shannon