This paper seeks to determine whether the presence of a neighborhood association affects
home prices. Ordinary Least Squares (OLS) regression on a sample of over 400 addresses in regions
throughout Durham indicates that neighborhood associations have a positive and statistically
significant impact on the value of a home. Further analysis through a drill down by region shows
that the significant variables for the price of a home vary throughout different parts of the city.
These results are unique for each section of Durham, but the total impact shows that there is not
only a social benefit for the existence of neighborhood associations but also a fiscal benefit for many
residents.
Home » 2015 Fall » 2015 Fall term papers » The Impact of Neighborhood Associations on Housing Prices by Kevin Zipf
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