Property values on the plains: The impact of historic preservation

Eric Thompson, David Rosenbaum, Benjamin Schmitz

Research output: Contribution to journalArticle

17 Scopus citations

Abstract

We provide an estimate of the impact of historic designation on the sale price of single-family homes in Lincoln, Nebraska neighborhoods. We contribute to the literature by measuring the impact of historic designation using sale prices rather than assessed values, and by utilizing time series, cross-section data with both pre-designation and post-designation observations. The entire sample is used to estimate a difference-in-difference model which shows that historic designation yields a $5,000 increase in the value of single-family homes in the period after designation. A sub-sample of houses with repeat sales is used to estimate a repeat sales model, which shows that designation does not impact appreciation rates.

Original languageEnglish (US)
Pages (from-to)477-491
Number of pages15
JournalAnnals of Regional Science
Volume47
Issue number2
DOIs
StatePublished - Oct 2011

ASJC Scopus subject areas

  • Environmental Science(all)
  • Social Sciences(all)

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