A Statistical Meta-analysis of the Design Components of New Urbanism on Housing Prices. (November 2016)

• Record Type: Journal Article
• Authors: Park, Yunmi; Huang, Shih-Kai; Newman, Galen D.
• Is Part Of: Journal of planning literature. Volume 31:Number 4(2016:Nov.)
• Page Start: 435
• Page End: 451
• Publication Date: 2016-11
• Subjects: new urbanism -- meta-analysis -- density -- mixed land use -- street connectivity -- transit proximity -- housing price -- hedonic modeling; City planning -- Bibliography -- Periodicals; Regional planning -- Bibliography -- Periodicals; Planning -- Bibliography -- Periodicals; 711.0973
• DOI: 10.1177/0885412216667898
• Languages: English
• ISSNs: 0885-4122

Abstract

The principles of New Urbanism such as increased density, mixed land uses, and street connectivity are often recommended in response to the typical conditions of suburban developments. Much current empirical research has begun to test whether these principles can increase property values. The findings of these studies have, however, been quite inconsistent. This research attempts to quantitatively synthesize these conflicting findings through a statistical meta-analysis. This study finds that a lower density, decreased street connectivity, and a closer proximity to a transit stop can contribute to increased housing premiums, while mixed land uses are not shown to always do so.