The Use of Census Data for Hedonic Price Estimates of Open-Space Amenities and Land Use

Steven D. Shultz, David A. King

Research output: Contribution to journalArticle

98 Scopus citations

Abstract

Hedonic price models for determining marginal implicit prices of open-space amenities and nonresidential land use were estimated using housing data from the census. Alternative model specifications were compared to evaluate the effects of aggregating land-use data by alternative levels of census geography as well as the use of different sample sizes of census blocks. It was determined that land use is best aggregated at the block group level and that entire populations or very large sample sizes of census blocks should be used with hedonic models.

Original languageEnglish (US)
Pages (from-to)239-252
Number of pages14
JournalJournal of Real Estate Finance and Economics
Volume22
Issue number2-3
DOIs
StatePublished - 2001

Keywords

  • Census data
  • Hedonic valuation method (HVM)
  • Land use
  • Open-space amenities

ASJC Scopus subject areas

  • Accounting
  • Finance
  • Economics and Econometrics
  • Urban Studies

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