A Statistical Meta-analysis of the Design Components of New Urbanism on Housing Prices

Yunmi Park, Shih Kai Huang, Galen D. Newman

Research output: Contribution to journalArticlepeer-review

28 Scopus citations

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.

Original languageEnglish
Pages (from-to)435-451
Number of pages17
JournalJournal of Planning Literature
Volume31
Issue number4
DOIs
StatePublished - 1 Nov 2016

Bibliographical note

Publisher Copyright:
© 2016, © The Author(s) 2016.

Keywords

  • density
  • hedonic modeling
  • housing price
  • meta-analysis
  • mixed land use
  • new urbanism
  • street connectivity
  • transit proximity

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