The Effect of Crime Rates on Home Prices: A Hedonic Study
John Paul Goncalves1
Abstract: The hedonic regression model in this study is from a Florida based study that has been applied on a national level. The results of this research will indicate the most significant variables which support the overall effect on the price of a home. The emphasis of this study is to examine the overall impact of crime rates on average home prices in America’s state capitals.
JEL Classification: R21, R22
Keywords: crime rates, home price, state capitals
1
Department of Economics, Bryant University, 1150 Douglas Pike, Smithfield, RI 02917. Phone: (401) 578-4307. Email: jgoncal1@bryant.edu
Empirical Economic Bulletin, Spring 2009, Vol. 2
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