Table 3 Hedonic regressions predicting median home value, by income quartile
From: The price of access: capitalization of neighborhood contextual factors
Hedonic regressions for 1stand 2ndincome quartiles | ||||||||
|---|---|---|---|---|---|---|---|---|
1 st Quartile | 2 nd Quartile | |||||||
Variable | Coef | (Std. err.) | Coef | (Std. err.) | Coef | (Std. err.) | Coef | (Std. err.) |
Natural log of density, block group level | 7.558∗∗ | (1.330) | 9.279∗∗ | (1.516) | 7.239∗∗ | (1.172) | 8.144∗∗ | (1.240) |
Proportion 25+ with a college degree | 95.678∗∗ | (12.174) | 84.024∗∗ | (13.238) | 81.177∗∗ | (16.515) | 79.084∗∗ | (16.764) |
Per capita income, block group level | 0.003∗∗ | (0.001) | 0.003∗∗ | (0.001) | 0.002‡ | (0.001) | 0.002 | (0.001) |
Median year housing built | 0.313∗ | (0.140) | 0.283∗ | (0.142) | 0.5590∗∗ | (0.104) | 0.462∗∗ | (0.115) |
West (1=yes; 0=no) | 17.376 | (11.788) | 9.846 | (14.623) | 12.755 | (11.732) | 7.506 | (15.737) |
Midwest (1=yes; 0=no) | -15.118 | (13.840) | -25.199 | (16.108) | - 22.134‡ | (12.506) | - 30.016∗ | (14.680) |
South (1=yes; 0=no) | - 22.867∗ | (11.255) | - 29.218∗ | (13.670) | - 26.126∗ | (10.714) | - 31.667∗ | (13.353) |
Natural log of supermarket density | -2.092 | (2.796) | 11.277∗∗ | (2.492) | -3.629 | (3.728) | 5.812 | (3.707) |
Natural log of natural/health food store density | 3.384 | (3.421) | 7.574∗ | (3.731) | ||||
Natural log of fruit/vegetable market density | 25.715∗∗ | (4.653) | 21.378∗∗ | (4.595) | ||||
Natural log of fast food (chain) density | - 3.613∗ | (1.783) | - 6.247∗∗ | (1.988) | - 3.584∗ | (1.447) | - 5.139∗∗ | (1.539) |
Natural log of convenience store density | -2.189 | (1.651) | -2.112 | (1.565) | -1.215 | (1.819) | 1.292 | (1.820) |
Natural log of activity resource density, centered | -1.250 | (1.241) | 0.739 | (1.384) | 0.264 | (1.282) | 1.672 | (1.306) |
Crimes reported per 100,000, county level, centered | - 0.004∗∗ | (0.001) | - 0.003∗∗ | (0.001) | - 0.004∗∗ | (0.001) | - 0.004∗∗ | (0.002) |
Activity resource density by Crime interaction | 0.000 | (0.000) | 0.001 | (0.001) | 0.001 | (0.000) | 0.001∗∗ | (0.000) |
Intercept | - 614.139∗ | (278.733) | - 551.610‡ | (282.031) | - 1076.852∗∗ | (207.435) | - 880.393∗∗ | (228.512) |
N | 1661 | 1661 | 1772 | 1772 | ||||
R 2 | 0.464 | 0.423 | 0.425 | 0.376 | ||||
F | F(15,113) = 33.153 | F(13,115) = 27.518 | F(15,112) = 15.917 | F(13,114) = 14.073 | ||||
Hedonic regressions for 3 rd and 4 th income quartiles | ||||||||
3 rd Quartile | 4 th Quartile | |||||||
Variable | Coef | (Std. err.) | Coef | (Std. err.) | Coef | (Std. err.) | Coef | (Std. err.) |
Natural log of density, block group level | 5.090∗∗ | (1.549) | 6.132∗∗ | (1.899) | 13.733∗∗ | (4.578) | 15.676∗∗ | (4.870) |
Proportion 25+ with a college degree | 80.972∗∗ | (17.629) | 68.813∗∗ | (19.332) | 83.874∗∗ | (23.607) | 66.379∗∗ | (24.693) |
Per capita income, block group level | 0.004∗∗ | (0.001) | 0.004∗∗ | (0.001) | 0.006∗∗ | (0.001) | 0.007∗∗ | (0.001) |
Median year housing built | 0.359∗ | (0.178) | 0.181 | (0.193) | -0.395 | (0.353) | - 0.621‡ | (0.333) |
West (1=yes; 0=no) | 39.481∗∗ | (11.579) | 32.112∗ | (13.391) | 64.383∗ | (26.105) | 63.959∗ | (25.560) |
Midwest (1=yes; 0=no) | -11.640 | (9.834) | - 20.222‡ | (11.103) | -8.557 | (13.208) | -12.041 | (13.671) |
South (1=yes; 0=no) | - 19.936∗ | (9.619) | - 26.150∗ | (10.710) | - 28.036‡ | (15.690) | - 31.458∗ | (15.330) |
Natural log of supermarket density | -3.867 | (3.898) | 0.129 | (3.264) | 9.647 | (7.021) | 14.727∗ | (6.887) |
Natural log of natural/health food store density | -1.893 | (3.549) | 1.370 | (5.040) | ||||
Natural log of fruit/vegetable market density | 27.893∗∗ | (4.130) | 24.695∗∗ | (6.120) | ||||
Natural log of fast food (chain) density | - 5.820∗∗ | (1.835) | - 7.437∗∗ | (2.295) | - 13.022∗∗ | (4.590) | - 15.682∗∗ | (4.628) |
Natural log of convenience store density | -2.628 | (1.883) | 1.105 | (2.032) | - 10.322∗ | (4.871) | -6.563 | (4.236) |
Natural log of activity resource density, centered | 1.763 | (2.041) | 4.565‡ | (2.367) | 16.350∗ | (6.526) | 22.061∗∗ | (6.921) |
Crimes reported per 100,000, county level, centered | - 0.004∗∗ | (0.001) | - 0.005∗∗ | (0.001) | - 0.008∗ | (0.003) | - 0.009∗ | (0.003) |
Activity resource density by Crime interaction | 0.000 | (0.001) | 0.001 | (0.001) | 0.001 | (0.002) | 0.000 | (0.002) |
Intercept | - 703.002‡ | (357.401) | -350.978 | (386.007) | 684.759 | (687.906) | 1120.822‡ | (651.149) |
N | 1802 | 1802 | 1763 | 1763 | ||||
R 2 | 0.419 | 0.357 | 0.520 | 0.507 | ||||
F | F(15,111) = 14.956 | F(13,113) = 8.26 | F(15,109) = 21.092 | F(13,111) = 25.89 | ||||