Table 2 Hedonic regressions predicting median home value, full sample of census blocks
From: The price of access: capitalization of neighborhood contextual factors
Variable | Coef | (Std. err.) | Coef | (Std. err.) |
|---|---|---|---|---|
Natural log of density, block group level | 7.274∗∗ | (1.490) | 8.451∗∗ | (1.729) |
Proportion 25+ with a college degree, block group level | 85.406∗∗ | (11.347) | 71.592∗∗ | (11.981) |
Per capita income | 0.005∗∗ | (0.000) | 0.005∗∗ | (0.000) |
Median year housing built | 0.020 | (0.170) | -0.162 | (0.173) |
West (1=yes; 0=no) | 37.030∗ | (14.495) | 30.147‡ | (15.571) |
Midwest (1=yes; 0=no) | - 16.261‡ | (9.686) | - 25.836∗ | (11.008) |
South (1=yes; 0=no) | - 19.758‡ | (10.401) | - 26.335∗ | (11.230) |
Natural log of supermarket density | -1.197 | (2.529) | 7.923∗∗ | (2.959) |
Natural log of natural/health food store density | 2.463 | (2.900) | ||
Natural log of fruit/vegetable market density | 29.069∗∗ | (3.428) | ||
Natural log of fast food (chain) density | - 6.251∗∗ | (1.598) | - 8.274∗∗ | (1.825) |
Natural log of convenience store density | - 3.726∗ | (1.825) | -0.629 | (1.699) |
Natural log of activity resource density, centered | 1.797 | (1.392) | 4.414∗∗ | (1.670) |
Crimes reported per 100,000, county level, centered | - 0.004∗∗ | (0.001) | - 0.005∗∗ | (0.002) |
Activity resource density by Crime interaction | 0.000 | (0.000) | 0.000 | (0.001) |
Intercept | -68.104 | (331.142) | 291.836 | (337.075) |
N | 6998 | 6998 | ||
R 2 | 0.615 | 0.589 | ||
F | F(15,114) = 68.340 | F(13,116) = 77.957 | ||