The Effect Of Sprawl Controls On Home Prices, House Size

A graduate student and a professor of public policy and administration examine the relationship of concentrating population in the urban center and home prices.

This study at California State University, Sacramento, will be published in a forthcoming "Journal of Policy Analysis and Management". It will be used to measure the effects of a "smart growth" public policy on growth management, i.e. placing the greatest concentration of growth in the central, urban core of metropolitan areas, as opposed to the fringes.

"The researchers found that increasing population in the center of an area by 10 percent reduced median housing prices by 2.7 percent. They concluded that measures to reduce sprawl and concentrate growth in the urban core tends to make fewer large homes on big lots available, pushing buyers to smaller homes on smaller lots."

"Wassmer and Baass looked at U.S. Census data for more than 450 urbanized areas to study the relationship between concentration of population in the urban center and housing prices. "Our evidence shows that greater centralization in an urban area results in a reduced proportion of upper-priced homes in that urban area and a lower median priced house for the entire area," Wassmer said."

Thanks to Irvin Dawid

Full Story: Study: Sprawl controls don't always mean higher home prices

Comments

building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Red necktie with map of Boston

For dads and grads: tie one on to celebrate your city!

Choose from over 20 styles imprinted with detailed city or transit maps.
$44.95
Book cover of the Guide to Graduate Planning Programs 4th Edition

Thinking about Grad School?

New! 4th Edition of the Planetizen Guide to Graduate Urban Planning Programs just released.
Starting at $24.95
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00