University of Maryland DRUM  
University of Maryland Digital Repository at the University of Maryland

Digital Repository at the University of Maryland (DRUM) >
Theses and Dissertations from UMD >
UMD Theses and Dissertations >

Please use this identifier to cite or link to this item: http://hdl.handle.net/1903/12335

Title: DO NEIGHBORHOOD HOUSING MARKET TYPOLOGIES MATTER? MEASURING THE IMPACT OF THE HOME PARTNERSHIP INVESTMENT PROGRAM IN BALTIMORE, MARYLAND
Authors: Boswell, Lynette Katrina
Advisors: Chen, Alexander
Department/Program: Urban and Regional Planning and Design
Type: Dissertation
Sponsors: Digital Repository at the University of Maryland
University of Maryland (College Park, Md.)
Subjects: Area planning and development
Urban planning
Keywords: Cluster Methods
HOME Partnership Program
Housing Markets
Neighborhood Change
Neighborhoods
Typologies
Issue Date: 2011
Abstract: Since the late 1990s, neighborhood housing market typologies (NHMTs) have become a popular policy tool used by cities to evaluate neighborhood housing markets. NHMTs support place-based interventions, and are used to guide municipal investments as cities target resources based on neighborhood conditions. The assumption is that the effectiveness of local investment strategies to trigger neighborhood change is linked to existing neighborhood conditions. However, this assumption has not been tested explicitly in terms of neighborhood housing markets. This study examines the following key question: does the impact of public investments on nearby home sale prices vary across neighborhood housing markets? This dissertation consists of three related essays examining the utility of NHMTs in Baltimore, Maryland. Essay one examines the theoretical foundation of and development of NHMTs. Essay two focuses on the HOME Partnership Investment Program (HOME Program) and examines whether the impacts of this program on surrounding sale prices vary across neighborhoods housing markets. Essay three discusses the implications of encouraging cities to target investments in proximity to neighborhood amenities, such as parks and transit nodes, and uses spatial econometrics to determine if and how amenities in different housing markets impact surrounding home sale prices. This study finds that NHMTs do matter to assess the impact of housing program investments and urban amenities on nearby sale prices of homes located in different housing markets. In this analysis, neighborhood housing market types are identified using a cluster statistical methodology based on a combination of indicators, including property values, neighborhood-wide property conditions, and socioeconomic characteristics of households. To examine public investments and urban amenities, separate hedonic price functions are estimated for each market type. Results of these analyses suggest that HOME Program investments and urban amenities affect surrounding home prices, and when estimated from separate price functions, the results show significant differences across market types.
URI: http://hdl.handle.net/1903/12335
Appears in Collections:Urban Studies & Planning Theses and Dissertations
UMD Theses and Dissertations

Files in This Item:

File Description SizeFormatNo. of Downloads
Boswell_umd_0117E_12786.pdf16.64 MBAdobe PDF188View/Open

All items in DRUM are protected by copyright, with all rights reserved.

 

DRUM is brought to you by the University of Maryland Libraries
University of Maryland, College Park, MD 20742-7011 (301)314-1328.
Please send us your comments